KYIV, March 6 – The Board of the National Bank of Ukraine (NBU) announced on Thursday its decision to raise the key policy rate from 14.5% to 15.5% per annum, effective March 7, in response to rising inflation. This increase aligns with market expectations and the central bank's January forecast.

"The Board of the National Bank of Ukraine has decided to raise the key policy rate to 15.5% per annum and to adjust the operational framework parameters of its interest rate policy. These decisions aim to support the attractiveness of hryvnia savings, maintain the sustainability of the FX market, and keep inflation expectations in check, which will allow bringing back the steady disinflation trajectory toward the 5% target," the regulator stated in a press release on its website.