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Central Banks

Ukraine Holds Key Interest Rate at Highest Level Since 2015

  • Central bank’s 25% rate ‘sufficient’ for stable exchange-rate
  • Recovery for battered economy depends on course of war
Updated on

Ukraine’s central bank kept borrowing costs unchanged for a second consecutive meeting as policy makers bet an outsized increase in June will be enough to tame price growth as the nation grapples with Russia’s invasion. 

The National Bank of Ukraine left the benchmark rate unchanged at 25% on Thursday, as expected by all six analysts in a Bloomberg survey.