The National Bank of Ukraine has lowered its key policy rate from 15.5% to 15%. “The Board of the National Bank of Ukraine decided to reduce the key policy rate to 15%, taking into account the steady decline in inflationary pressure and reduced risks related to external financing. This decision is consistent with bringing inflation to the 5% target over the policy horizon while supporting the economy,” Pyshnyy said. As Ukrinform previously reported, the National Bank raised the rate to 10% in January 2022 and to 25% in June 2022, where it remained for more than a year. In December 2024, in response to accelerating inflation, the regulator resumed tightening, raising the rate to 15.5% in March 2025, where it had stayed until nowPhoto credit: NBU