NBU leaves key policy rate unchanged at 25%

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

The relevant statement was made by NBU Governor Andriy Pyshnyy at a briefing, an Ukrinform correspondent reports.

“The Board of the National Bank has endorsed a decision to leave the key policy rate at 25% per annum,” Pyshnyy told.

In his words, this will support the effect of the previous measures intended to increase the attractiveness of hryvnia assets, further ensure the stability of the foreign exchange market, and create prerequisites for a stable downward trend in the inflation rate and easing the most pressing foreign currency restrictions.

A reminder that, in January 2022, the National Bank of Ukraine (NBU) raised its key policy rate to 10%. As the Russian full-scale invasion started, the key policy rate was kept unchanged. However, on June 3, 2022, the NBU raised its key policy rate from 10% to 25%.