The National Bank of Ukraine kept its discount rate at 15%

The Board of the National Bank of Ukraine decided to keep the discount rate at 15% per annum. This move is aimed at ensuring that current monetary conditions remain sufficiently tight, maintaining high demand for hryvnia-denominated savings instruments, and mitigating risks caused by the war in the Middle East and instability in external financing inflows. 

According to the head of the central bank, the current monetary policy decision takes into account signs of increasing fundamental price pressures in the economy. 

Andriy Pyshnyy also emphasized that the regulator is fully prepared to resume raising the discount rate in the future if there is an additional need to maintain control over citizens’ inflation expectations and bring inflation back to the defined strategic target of 5%.

This was announced by NBU Governor Andriy Pyshnyy during an official briefing, according to the Ukrinform news agency.