The National Bank of Ukraine (NBU) has decided to reduce its key policy rate to 15%, NBU Governor Andrii Pyshnyi has said.
“The Board of the National Bank of Ukraine decided to set its key policy rate at 15% from December 15,” he said.
The National Bank of Ukraine raised the key rate to 10% in January 2022. The key rate remained unchanged since Russia’s invasion of Ukraine began. On June 3, 2022, the key rate was increased from 10% to 25%. It remained at this level for more than a year. On July 27, the rate was reduced to 22%, and from September 15, it was reduced to 20%. From October 27, the central bank decided to set the key policy rate at 16%. (Ukrinform/Business World Magazine)
