The National Bank of Ukraine kept its key policy rate unchanged at 8.5% on October 21st, 2021, in line with market expectations as inflation ranged between 10% and 11% in the past several months, close to the forecast the NBU made in July. The central bank expects inflation to be 9.6% in 2021, with peak reaching mostly in September-October, and gradually easing owing to waning of low base effects, favorable FX markets, larger harvests and higher interest rates implemented earlier, to converge to the 5% target in 2022. Meanwhile, the NBU has revised downward its economic growth forecast to 3.1% from 3.8% this year, and to 3.8% from 4% in 2022. As set forth in the baseline scenario, the NBU will keep its key policy rate no lower than 8.5% at least until Q3 2022 rather than until Q2, as was expected in July. Yet, the central bank stands ready to raise its key policy rate and deploy other monetary tools, even so during the December meeting if pro-inflationary risks materialize. source: National Bank of Ukraine
Interest Rate in Ukraine averaged 36.42 percent from 1992 until 2021, 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 2021.
Interest Rate in Ukraine is expected to be 8.50 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 7.50 percent in 2022, according to our econometric models.