The National Bank of Ukraine raised its key policy rate by 100bps to 7.5% on April 15th 2021, surprising markets that expected a hike of 50bps and pushing borrowing costs to the highest since May 2020. The decision is aimed at gradually slowing down inflation in the second half of 2021 and its return to 5% in the first half of 2022. Considering the fast-paced recovery of the global economy and higher inflationary pressures, the NBU revised its inflation forecast from 7% to 8% in 2021, expecting inflation to return to the 5% target in H1 2022 and settle at this level further on. Also, the NBU revised downward its real GDP growth forecast for 2021, from 4.2% to 3.8%. The NBU stands ready to continue raising its key policy rate to a level that will bring inflation back to its 5% target in the first half of 2022. source: National Bank of Ukraine
Interest Rate in Ukraine averaged 36.90 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 May of 2021.
Interest Rate in Ukraine is expected to be 7.50 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 8.00 in 12 months time. In the long-term, the Ukraine Interest Rate is projected to trend around 8.50 percent in 2022 and 9.00 percent in 2023, according to our econometric models.