The National Bank of Ukraine kept its key policy rate unchanged at a seven-year high of 25% in its September meeting, and confirmed the previous baseline scenario that warrants the policy rate to remain at 25% until Q2 2024. The bank stated that under current conditions, the high level of borrowing costs are sufficient to maintain exchange rate stability and broadly control inflation. Policymakers noted that inflation processes are likely to remain under control, and that preliminary estimates of price growth in August indicate that inflation is more moderate than the National Bank’s previous forecasts due to lower costs of fuel and agricultural goods. The NBU further noted that the resumption of grain exports through the Black Sea under the UN-brokered safe trade deal should raise demand for the hryvnia, further increasing the attractiveness of the national currency. source: National Bank of Ukraine
Interest Rate in Ukraine averaged 35.90 percent from 1992 until 2022, 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 September of 2022.
Interest Rate in Ukraine is expected to be 25.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ukraine Interest Rate is projected to trend around 15.00 percent in 2023 and 9.00 percent in 2024, according to our econometric models.