Ukraine Central Bank Raises Benchmark Rate to 15.5% to Tame Price Pressures
Updated
Updated · Bloomberg · Jul 30
Ukraine Central Bank Raises Benchmark Rate to 15.5% to Tame Price Pressures
3 articles · Updated · Bloomberg · Jul 30
Summary
Ukraine’s central bank lifted its benchmark interest rate by 0.5 percentage point to 15.5%, its first increase since March 2025 and a surprise to most economists.
One of five economists in a Bloomberg survey had predicted the move, while the other four expected no change, underscoring how unexpectedly policymakers acted.
The National Bank of Ukraine said the increase was aimed at combating price pressures and signaled it is prepared to tighten policy further if needed.