The National Bank of Ukraine left its key policy rate unchanged at 18 percent on December 13th 2018, as expected, saying inflationary pressures weakened. In November, annual inflation rate rose to 10 percent from 9.5 percent in October, in line with the central bank forecasts and explained by further increases in production costs, pressure from consumer demand and higher natural gas tariffs. Still, policymakers kept inflation expectations at 5 percent for the end of 2020. Interest Rate in Ukraine averaged 39.08 percent from 1992 until 2018, reaching an all time high of 300 percent in October of 1994 and a record low of 6.50 percent in August of 2013.
Interest Rate in Ukraine is expected to be 18.00 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 17.00 in 12 months time. In the long-term, the Ukraine Interest Rate is projected to trend around 16.00 percent in 2020, according to our econometric models.