The National Bank of Ukraine hiked its policy rate by 15 percentage points to 25% during its June 2022 meeting after postponing its last two policy rate decisions due to Russia’s invasion. The NBU cited the purpose of its decision was to protect hryvnia savings, increase the attractiveness of hryvnia assets, reduce foreign exchange market pressures, and strengthen the bank’s ability to ensure exchange rate and consumer price stability during the war. Further, policymakers stated the hike would help prevent the dollarization of the Ukrainian economy in the absence of adequate remuneration for the maintenance of hryvnia assets, adding that a smaller increase would not have significant impact during times of war. In the meantime, the NBU expects that inflation should continue to increase in the coming months, although the tighter monetary setting and increasing supply from domestic producers should restrain the acceleration. Annual inflation accelerated to 16.4% during April. source: National Bank of Ukraine
Interest Rate in Ukraine averaged 35.95 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 June of 2022.
Interest Rate in Ukraine is expected to be 25.00 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 15.00 percent in 2023 and 9.00 percent in 2024, according to our econometric models.