The NBU kept its key policy rate unchanged at 25% in the March meeting, the highest since August 2015, aiming to slow inflation further, protect hryvnia savings, and maintain a stable exchange rate. Inflation in the country has been declining faster than thought and eased for the second time in February to 24.9%, mainly due to a rise in food and fuel supply, the energy system recovery, and weaker consumer demand. The consumer price growth was also subdued by fixed hryvnia exchange rate and housing & communal services tariffs. Separately, NBU decided to boost banks' competition for household time deposits: from the 7th of April, the central body employs three-month deposit certificates with a fixed rate, equaling the key policy rate, and cuts the interest rate on overnight deposit certificates to 20%. From the 11th of May 2023, preferential required reserve ratios for hryvnia (0%) and FX (10%) time household deposits only apply to deposits with an initial maturity of three months. source: National Bank of Ukraine

Interest Rate in Ukraine averaged 35.63 percent from 1992 until 2023, reaching an all time high of 300.00 percent in October of 1994 and a record low of 6.00 percent in June of 2020. This page provides the latest reported value for - Ukraine Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ukraine Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Interest Rate in Ukraine is expected to be 25.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Ukraine Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-08 12:00 PM 25% 25% 25%
2023-01-26 12:00 PM 25% 25% 25%
2023-03-16 12:00 PM 25% 25% 25.0%
2023-04-27 12:00 PM 25.0%
2023-06-15 11:00 AM 25.0%
2023-07-27 11:00 AM 25.0%


Related Last Previous Unit Reference
Interest Rate 25.00 25.00 percent Mar 2023
Interbank Rate 11.31 11.31 percent Mar 2023
Money Supply M0 627985.00 643281.00 UAH Million Feb 2023
Money Supply M1 1530530.00 1571360.00 UAH Million Jan 2023
Money Supply M2 2497632.00 2500502.00 UAH Million Jan 2023
Money Supply M3 2523943.00 2498702.00 UAH Million Feb 2023
Foreign Exchange Reserves 28864.56 29928.21 USD Million Feb 2023
Banks Balance Sheet 2754277.00 2722945.00 UAH Million Jan 2023
Loans to Private Sector 686688.83 691620.30 UAH Million Jan 2023
Central Bank Balance Sheet 1964767.00 1859832.51 UAH Million Nov 2022

Ukraine Interest Rate
In Ukraine, interest rate decisions are taken by the National Bank of Ukraine. The official interest rate is the discount rate.
Actual Previous Highest Lowest Dates Unit Frequency
25.00 25.00 300.00 6.00 1992 - 2023 percent Daily

News Stream
Ukraine Holds Interest Rate at 25
The NBU kept its key policy rate unchanged at 25% in the March meeting, the highest since August 2015, aiming to slow inflation further, protect hryvnia savings, and maintain a stable exchange rate. Inflation in the country has been declining faster than thought and eased for the second time in February to 24.9%, mainly due to a rise in food and fuel supply, the energy system recovery, and weaker consumer demand. The consumer price growth was also subdued by fixed hryvnia exchange rate and housing & communal services tariffs. Separately, NBU decided to boost banks' competition for household time deposits: from the 7th of April, the central body employs three-month deposit certificates with a fixed rate, equaling the key policy rate, and cuts the interest rate on overnight deposit certificates to 20%. From the 11th of May 2023, preferential required reserve ratios for hryvnia (0%) and FX (10%) time household deposits only apply to deposits with an initial maturity of three months.
2023-03-17
Ukraine Holds Rate at 25%, Revises Growth Forecast Lower
The National Bank of Ukraine kept its key policy rate unchanged at a seven-year high of 25% in its January meeting and continued to raise the ratio for bank reserves, while restating the previous baseline scenario that warrants the policy rate will be maintained until the second quarter of 2024. While the restrictive policy and higher reserve ratios should help with the gradual reduction of inflation in the Ukrainian economy, the bank also noted the need to strengthen hryvnia assets and exchange rate stability. The NBU expects inflation to end 2023 at 18.7%, after ending 2022 at a near seven-year high of 26.6%. On the growth front, the Russian military escalation and attacks on key energy infrastructure caused policymakers to lower 2023 growth expectations to 0.3% from earlier projections of 4%. The bank concluded that the reoccupation of Ukrainian territory and the consequent reparation of businesses, supply chains, and security, should lower inflation and support growth.
2023-01-26
Ukraine Interest Rate Unchanged at 25%
The National Bank of Ukraine kept its key policy rate unchanged at a seven-year high of 25% in its December meeting, saying economic risks remained elevated. Policymakers noted that a surge of Russia’s attacks against Ukraine’s critical infrastructure, particularly targeting power supply facilities, is affecting economic activity in various sectors. The central bank expects the economy shrink 31.5% this year and return to growth in 2023, with GDP rising by 4%. Still, the overall dynamics of inflation remain under control and are even slightly below the forecasts made in October. The annual inflation rate in Ukraine soared to 26.6% in October from 24.6% in September, reaching the highest since February of 2016. The central bank also increased the required reserve ratios for hryvnia and FX current accounts by 5%, in an attempt to strengthen monetary transmission.
2022-12-08