Ukraine's National Bank raised its key policy rate from 13.5% to 14.5% per annum starting January 24, 2025, citing the need to maintain foreign exchange market stability and control inflation expectations toward a 5% target.
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The NBU raised the key policy rate from 13.5% to 14.5% per annum starting Jan. 24
Inflation was 26.6% in 2022, down from 10% in 2021
Inflation accelerated to 12% in 2024, exceeding NBU's forecast
The NBU aims to bring inflation to 5% target on the policy horizon
Inflation is forecast to slow to 8.4% by end of 2025 and 5% in 2026
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Extracted: 2026-05-30T04:27:32.155Z
Source story: ukraines-national-bank-raises-key-policy-rate-by-1-due-to-inflation