The National Bank of Ukraine lowered its benchmark interest rate by 50 bps to 17 percent on July 18th of 2019, surprising markets who expected a 25bps reduction. It was the second rate cut this year, bringing borrowing costs to its lowest since June of 2018 and in line with reaching inflation target of 5%. In June, annual inflation declined to 9.0 percent from 9.6 percent in May, in line with central bank estimates. Policymakers expect inflation to fall 6.3 percent by the end of 2019 and 5.0 percent by the end of 2020. Also, the National Bank raised its forecast for economic growth in 2019 (from 2.5 percent to 3.0 percent) and 2020 (from 2.9 percent to 3.2 percent), amid more stable domestic demand. The Board expects a further reduction of the interest rate to 8 percent over the next years. Interest Rate in Ukraine averaged 38.64 percent from 1992 until 2019, reaching an all time high of 300 percent in October of 1994 and a record low of 6.50 percent in August of 2013.

Interest Rate in Ukraine is expected to be 16.50 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 13.50 in 12 months time. In the long-term, the Ukraine Interest Rate is projected to trend around 8.00 percent in 2020, according to our econometric models.

Ukraine Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-14 12:00 PM Interest Rate Decision 18% 18% 18% 18%
2019-04-25 11:00 AM Interest Rate Decision 17.5% 18% 17.5% 17.5%
2019-06-06 11:00 AM Interest Rate Decision 17.5% 17.5% 17.5% 17.5%
2019-07-18 11:00 AM Interest Rate Decision 17% 17.5% 17.25% 17.25%
2019-09-05 11:00 AM Interest Rate Decision 17% 16.5%
2019-10-24 11:00 AM Interest Rate Decision 16%
2019-12-12 12:00 PM Interest Rate Decision 15.5%


Ukraine Money Last Previous Highest Lowest Unit
Interest Rate 17.00 17.50 300.00 6.50 percent [+]
Interbank Rate 17.63 17.63 32.16 3.59 percent [+]
Money Supply M0 357941.00 360276.00 364753.00 2600.00 UAH Million [+]
Money Supply M1 683215.00 654681.00 683215.00 4400.00 UAH Million [+]
Money Supply M2 1285736.00 1256448.00 1285736.00 6514.00 UAH Million [+]
Money Supply M3 1312722.00 1288034.00 1312722.00 6594.00 UAH Million [+]
Banks Balance Sheet 1914363.00 1931480.00 1984645.00 374153.94 UAH Million [+]
Foreign Exchange Reserves 21840.13 21800.00 38351.69 4629.00 USD Million [+]
Loans to Private Sector 730661.83 735380.21 935460.41 99820.18 UAH Million [+]
Deposit Interest Rate 13.32 13.00 329.10 6.00 percent [+]
Central Bank Balance Sheet 1058673.00 1092479.00 1169957.00 197215.00 UAH Million [+]


Ukraine Interest Rate

In Ukraine, interest rate decisions are taken by the National Bank of Ukraine. The official interest rate is the discount rate. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
17.00 17.50 300.00 6.50 1992 - 2019 percent Daily




Country Last Previous
Argentina 74.96 Aug/19
Turkey 19.75 Jul/19
Mexico 8.00 Aug/19
Russia 7.25 Jul/19
South Africa 6.50 Aug/19
Brazil 6.00 Jul/19
Indonesia 5.50 Aug/19
India 5.40 Aug/19
China 4.25 Aug/19
Saudi Arabia 2.75 Aug/19
United States 2.25 Jul/19
Singapore 1.94 Jul/19
Canada 1.75 Aug/19
South Korea 1.50 Jul/19
Australia 1.00 Aug/19
United Kingdom 0.75 Aug/19
Euro Area 0.00 Jul/19
France 0.00 Jul/19
Germany 0.00 Jul/19
Italy 0.00 Jul/19
Netherlands 0.00 Jul/19
Spain 0.00 Jul/19
Japan -0.10 Aug/19
Switzerland -0.75 Jul/19


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