National Bank cuts key policy rate to 15%

NBU Governor Andriy Pyshnyy announced this at a briefing, Ukrinform reports.

“The Board of the National Bank of Ukraine decided to reduce the key policy rate to 15%, taking into account the steady decline in inflationary pressure and reduced risks related to external financing. This decision is consistent with bringing inflation to the 5% target over the policy horizon while supporting the economy,” Pyshnyy said.

He added that the NBU will continue to respond flexibly to shifts in monetary risks.

As Ukrinform previously reported, the National Bank raised the rate to 10% in January 2022 and to 25% in June 2022, where it remained for more than a year. On July 27, 2023, the rate was cut to 22%, followed by gradual reductions. In December 2024, in response to accelerating inflation, the regulator resumed tightening, raising the rate to 15.5% in March 2025, where it had stayed until now

Photo credit: NBU