The National Bank of Ukraine decided to postpone the decision on the discount rate for the second consecutive meeting and left it unchanged at 10% on April 14th, 2022, given the large-scale armed assault in Ukraine by Russian forces. The bank said that due to the forced introductions of administrative restrictions, market monetary instruments do not play a significant role in the functioning of the monetary markets, while the bank confirmed foreign exchange rates continued to be fixed. Due to disruption of supply chains and production processes and uneven demand, the NBU estimates inflationary pressures will increase and could exceed 20% at year-end. Meanwhile, civilian casualties, destroyed infrastructure, and the outflow of over 4.7 million refugees led the central bank to estimate that the Ukrainian economy could contract by at least one-third in 2022. source: National Bank of Ukraine
Interest Rate in Ukraine averaged 35.98 percent from 1992 until 2022, 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 May of 2022.
Interest Rate in Ukraine is expected to be 10.00 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 9.00 percent in 2023 and 7.50 percent in 2024, according to our econometric models.