On 7 March 2025, the NBU Board’s decision No. 75-рш “On the Discount Rate” dated 06 March 2025 came into force, raising the discount rate to 15.5% per annum.
Not so long ago, on 23 January 2025, the NBU raised the discount rate from 13.5% to 14.5% per annum.
The NBU justified this decision by the desire to maintain the attractiveness of hryvnia savings, preserve the stability of the foreign exchange market, and control inflation expectations in order to direct the inflation trajectory to slow down towards the 5% target. The NBU also stated that it is ready to take additional monetary measures if risks to price developments and inflation expectations increase further.
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