NBU keeps key policy rate at 25%

The National Bank of Ukraine (NBU) has decided to leave its key policy rate unchanged at 25%.

NBU Deputy Governor Serhiy Nikolaychuk said this at a briefing, an Ukrinform correspondent reported.

“The NBU Board decided to keep the key policy rate at 25%,” Nikolaychuk said.

According to him, under current conditions, such level of the key policy rate is sufficient to maintain exchange rate stability and keep inflation processes under control. At the same time, it is important to enhance monetary transmission and further improve the attractiveness of hryvnia assets, on which the NBU is currently working.

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As reported by Ukrinform, the NBU raised the key policy to 10% in January 2022. After the beginning of the Russian armed aggression, the NBU decided to keep the key policy rate unchanged. However, on June 3, 2022, the key policy rate was raised from 10 to 25%.

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