Reduction of the NBU key policy rate to 15% per annum

The Board of the National Bank of Ukraine has announced the start of a cycle of interest rate easing in view of the steady decline in inflationary pressures and the easing of risks associated with external financing, according to the NBU press service.

Therefore, from 30 January 2026, the key policy rate is reduced from 15.5% to 15%. This step is in line with bringing inflation to the target level of 5% and at the same time is intended to support the economy.

The NBU notes that it will continue to apply a flexible approach in response to changes in the balance of risks.

The decision to lower the key policy rate has a stimulating effect on the economy and creates more favourable financial conditions for businesses in particular.

This is expected to support lending growth, which, according to the NBU, is already growing at a rate of over 30% per annum. This opens up opportunities for more active investment in the development, modernisation and restoration of economic activity.

We will continue to closely monitor further developments in this area and report on them in the future Legal News.