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The National Bank of Ukraine has decided to raise its key policy rate to 13.5%. This was announced at a briefing by NBU Governor Andriy Pyshnyi, an Ukrinform correspondent reports .
According to Pyshnyi, this decision is aimed at maintaining the stability of the foreign exchange market, controlling inflation expectations, and gradually slowing inflation to the 5% target.
“This decision is part of our strategy to stabilise the economic situation and bring inflation back to target levels,” the NBU governor said.
The key policy rate has remained at an elevated level since the beginning of Russia’s military aggression in Ukraine. In June 2022, it was raised from 10% to 25%, where it remained for over a year. Only in July 2023, the rate was cut to 22%, and since June 2024, it has been steadily maintained at 13%.
The NBU’s decision to raise the key policy rate to 13.5% is aimed at maintaining economic stability in the face of a challenging domestic and global environment.
