Skip to content

Ukraine Weighs Reviving Interest Rate Decisions as Early as June

  • Central bank froze interest rates after Russia invaded Ukraine
  • Raising key rate may ease pressure on hryvnia, official says
Updated on

Ukraine’s central bank is considering a return to regular monetary policy decisions as soon as next month in a sign the country’s financial system is getting back on its feet after Russia’s invasion.

Interest rate decisions were suspended in the aftermath of Russia’s February attack, which devastated Ukraine’s economy and spurred inflation. In its last decision from January, policy makers raised the key rate by 100 basis points to 10%.