Key Policy Rate (NBU) in Ukraine

Banco Nacional de Ucrania · Per meeting · Importance 95

15.5% (31 Jul) ABS · % · Diario · CSV

About this indicator

Source	National Bank of Ukraine (NBU)
Frequency	Per meeting
Release	En cada reunion del NBU Board sobre politica monetaria (calendario publicado en bank.gov.ua/en/monetary/schedule), jueves ~14:00 hora de Kyiv
What it is	The key policy rate (oblikova stavka) is the reference rate set by the National Bank of Ukraine (NBU). It is Ukraine's main monetary policy instrument.
How it's calculated	It is decided by the NBU's Monetary Policy Committee at its meetings (around eight a year), in line with its inflation target and the economic situation. The new rate takes effect the business day after the decision and is quoted as an annual percentage.
Market implications	A hike raises borrowing costs to curb inflation and tends to support the hryvnia (UAH); a cut cheapens credit to stimulate the economy. In wartime the rate also aims to protect local-currency savings and exchange-rate stability.
Limitations	It only moves on decision dates (a step function). In wartime the NBU also runs capital controls and manages the exchange-rate regime, which interact with the policy rate and blunt its usual pass-through.