The National Bank of Ukraine left its key policy rate unchanged at a record low of 6 percent on October 22nd, in line with market expectations, saying that the sustained monetary policy easing is aimed at supporting economic recovery and bringing inflation to the target. In September, the annual inflation rate fell to 2.3 percent, the lowest since May. Considering the weak dynamics of consumer prices in Q3, the NBU has revised its annual inflation forecast downward, to 4.1%. Policymakers added that the NBU’s future monetary policy will mainly depend on how the pandemic develops and what budgetary parameters are adopted. source: National Bank of Ukraine

Interest Rate in Ukraine averaged 37.43 percent from 1992 until 2020, 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 October of 2020.

Interest Rate in Ukraine is expected to be 6.00 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 6.00 in 12 months time. In the long-term, the Ukraine Interest Rate is projected to trend around 6.00 percent in 2021, according to our econometric models.

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Ukraine Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.00 6.00 300.00 6.00 1992 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-06-11 11:00 AM 6% 8% 7% 7%
2020-07-23 11:00 AM 6% 6% 5%
2020-09-03 11:00 AM 6% 6% 6% 6%
2020-10-22 11:00 AM 6% 6% 6% 6%
2020-12-10 11:00 AM 6% 6%


News Stream
Ukraine Holds Interest Rate Steady at 6%
The National Bank of Ukraine left its key policy rate unchanged at a record low of 6 percent on October 22nd, in line with market expectations, saying that the sustained monetary policy easing is aimed at supporting economic recovery and bringing inflation to the target. In September, the annual inflation rate fell to 2.3 percent, the lowest since May. Considering the weak dynamics of consumer prices in Q3, the NBU has revised its annual inflation forecast downward, to 4.1%. Policymakers added that the NBU’s future monetary policy will mainly depend on how the pandemic develops and what budgetary parameters are adopted.
2020-10-22
Ukraine Holds Interest Rate Steady at 6%
The National Bank of Ukraine left its key policy rate unchanged at 6 percent on September 3rd. Maintaining a loose monetary policy will support economic recovery amid moderate inflation and elevated uncertainty over how the pandemic is going to spread in Ukraine and the world. Policymakers added that the NBU’s future monetary policy will mainly depend on how the COVID-19 pandemic develops.
2020-09-03
Ukraine Leaves Monetary Policy Unchanged
The National Bank of Ukraine left its key policy rate unchanged at 6 percent on July 23rd of 2020, following a 200bps cut in the previous meeting. The decision comes after inflation accelerated to 2.4%, although below the target range of 5% ± 1 percentage point. The Bank expects inflation to continue to grow moderately to return to the target range this year. Also, the Ukrainian economy is expected to fall by 6% in 2020, and to return to growth at about 4% in the coming years. Policymakers added that the discount rate will remain at the current low level at least until the end of the year.
2020-07-23
Ukraine Lowers Interest Rate to Record Low of 6%
The central bank of Ukraine cut its benchmark interest rate by 200bps to 6 percent on June 11th 2020, bringing borrowing costs to the lowest since the country became independent from the Soviet Union in 1991. Markets were expecting a smaller 100bps drop. It is the third time so far this year the central bank lowers the interest rate, as the Ukrainian economy will face a deeper contraction than expected, due to a drop in consumer spending and investment, while inflation is seen remaining below the target range of 5 percent ± 1 pp.
2020-06-11

Ukraine Interest Rate
In Ukraine, interest rate decisions are taken by the National Bank of Ukraine. The official interest rate is the discount rate.