KYIV, April 16 – The Board of the National Bank of Ukraine has decided to increase the key policy rate to 7.5% per annum from 6.5% in reaction to growing consumer inflation, the NBU said.

"The Board of the National Bank of Ukraine has decided to raise the key policy rate by 1 pp, to 7.5% per annum. This step is aimed at gradually slowing down inflation in H2 2021 and returning it to the 5% target already in H1 2022," the press service of the central bank said on Thursday.