The National Bank of Ukraine raised its key policy rate by 50bps to 6.5 percent on March 4th 2021, surprising markets that expected no changes. The decision is aimed at gradually reducing inflation to its target, as the Ukrainian and global economies are recovering. The annual inflation rate accelerated to a 15-month high of 6.1 percent in January, mostly due to food and fuel prices and above the central bank’s medium-term inflation target of 5 percent. Policymakers expect inflation to reach its peak in mid-2021, but decelerate afterwards, returning to its target range in H1 2022. Finally, the NBU said it stands ready to raise its key policy rate more resolutely in order to curb fundamental inflationary pressures, stabilize expectations, and bring inflation back to its target. source: National Bank of Ukraine
Interest Rate in Ukraine averaged 37.07 percent from 1992 until 2021, 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 March of 2021.
Interest Rate in Ukraine is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Ukraine to stand at 6.50 in 12 months time. In the long-term, the Ukraine Interest Rate is projected to trend around 6.50 percent in 2022, according to our econometric models.