Ukraine Delivers Rate Cut After Shoring Up Wartime Financing

Ukraine’s central bank cut its benchmark interest rate, ending almost a year of steady borrowing costs after an infusion of foreign aid and easing inflation shored up the country’s war-battered economy.

The National Bank of Ukraine in Kyiv lowered the benchmark rate by 50 basis points to 15% on Thursday, it said in a statement. It was the first move since policymakers raised the rate last March in a bid to keep price increases in check — and the first reduction since June 2024.