The National Bank of Ukraine kept its key policy rate unchanged at a seven-year high of 25% in its October meeting, saying inflation will remain under control. The NBU’s preliminary estimates showed inflation continued to accelerate in October, after hitting 24.6% yoy in September, and core inflation exceeded 20% yoy. Looking ahead, the central bank projects inflation to reach around 30% this year, but it should slow in the next years provided that security risks subside as expected and monetary and fiscal policies are well coordinated. The updated forecast envisages that the key policy rate will be maintained at 25% at least until Q2 2024. The NBU noted it stands ready to raise the key policy rate above its forecast and will further deploy additional measures to protect international reserves, as well as and to maintain control over inflation. source: National Bank of Ukraine

Interest Rate in Ukraine averaged 35.77 percent from 1992 until 2022, reaching an all time high of 300 percent in October of 1994 and a record low of 6 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 December of 2022.

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. In the long-term, the Ukraine Interest Rate is projected to trend around 25.00 percent in 2023 and 10.00 percent in 2024, according to our econometric models.

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Ukraine Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-21 11:25 AM 25% 25% 25%
2022-09-08 11:00 AM 25% 25% 25%
2022-10-20 11:00 AM 25% 25% 25%
2022-12-08 12:00 PM 25% 25%


Related Last Previous Unit Reference
Interest Rate 25.00 25.00 percent Oct 2022
Interbank Rate 11.31 11.31 percent Dec 2022
Money Supply M1 1434325.00 1402611.00 UAH Million Oct 2022
Money Supply M0 624010.00 623059.00 UAH Million Oct 2022
Money Supply M2 2323631.00 2275701.00 UAH Million Oct 2022
Money Supply M3 2329634.00 2281424.00 UAH Million Oct 2022
Foreign Exchange Reserves 25244.00 23930.00 USD Million Oct 2022
Banks Balance Sheet 2539194.00 2543909.00 UAH Million Aug 2022
Loans to Private Sector 717924.31 727000.60 UAH Million Oct 2022
Central Bank Balance Sheet 1805599.57 1668986.51 UAH Million Aug 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 - 2022 percent Daily

News Stream
Ukraine Holds Interest Rate Steady at 25%
The National Bank of Ukraine kept its key policy rate unchanged at a seven-year high of 25% in its October meeting, saying inflation will remain under control. The NBU’s preliminary estimates showed inflation continued to accelerate in October, after hitting 24.6% yoy in September, and core inflation exceeded 20% yoy. Looking ahead, the central bank projects inflation to reach around 30% this year, but it should slow in the next years provided that security risks subside as expected and monetary and fiscal policies are well coordinated. The updated forecast envisages that the key policy rate will be maintained at 25% at least until Q2 2024. The NBU noted it stands ready to raise the key policy rate above its forecast and will further deploy additional measures to protect international reserves, as well as and to maintain control over inflation.
2022-10-20
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 September meeting, and confirmed the previous baseline scenario that warrants the policy rate to remain at 25% until Q2 2024. The bank stated that under current conditions, the high level of borrowing costs are sufficient to maintain exchange rate stability and broadly control inflation. Policymakers noted that inflation processes are likely to remain under control, and that preliminary estimates of price growth in August indicate that inflation is more moderate than the National Bank’s previous forecasts due to lower costs of fuel and agricultural goods. The NBU further noted that the resumption of grain exports through the Black Sea under the UN-brokered safe trade deal should raise demand for the hryvnia, further increasing the attractiveness of the national currency.
2022-09-08
Ukraine Holds Interest Rate Steady at 25%
The National Bank of Ukraine kept its key policy rate at a seven-year-high of 25% during its July meeting, saying the decision to raise the rate in June will continue to push up market rates. Policymakers noted inflation soared, reaching 21.5% yoy in June, which was mainly the result of war-driven shocks and global price pressures. Looking ahead, the central bank expects inflation to exceed 30% yoy as of the end of 2022. It will slow considerably in the next years, albeit remaining much above the NBU’s target of 5%, primarily due to the consequences of the war. It said the economy of Ukraine will shrink by a third in 2022 but will return to growth in 2023–2024 if the Black Sea ports are unblocked. If required, the NBU stands ready to take additional measures to protect international reserves, improve monetary transmission, and rein in inflationary pressures.
2022-07-21