Ukraine's Central Bank Keeps Policy Rate Unchanged at 15.5% as Inflation Slows But Is Still High

BY MT Newswires | ECONOMIC | 09/11/25 12:16 PM EDT

12:16 PM EDT, 09/11/2025 (MT Newswires) -- Ukraine's central bank (NBU) on Thursday said its Board decided to keep its key policy rate at 15.5%.

The decision will maintain proper monetary conditions necessary for the sustainability of the currency market and controllability of expectations, as well as for bringing inflation to the 5% target, NBU wrote in its policy statement.

The growth in consumer prices slowed for three consecutive months, to 13.2% year over year in August. Such a decline in headline inflation was somewhat faster than the NBU had forecast in its July 2025 Inflation Report. Core inflation decelerated as well, to 11.4% year over year, which was close to the forecast.

The inflation expectations of households and financial analysts improved in August. However, the expectations of the majority of respondent groups remained in double-digit territory, stated NBU.

The course of the full-scale war with Russia continues to be the key risk to inflation dynamics and economic development, added the central bank. Russia attacked Ukraine in February 2022.

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