NBU Governor Andriy Pyshnyy announced the decision at a briefing, Ukrinform reported.

“The NBU Board has decided to raise the rate to 15.5% in view of persistent fundamental price pressures and a sharper acceleration of overall inflation expected by year‑end,” Pyshnyy said.

He noted the increase is aimed at preserving the attractiveness of hryvnia assets, maintaining currency market stability and anchoring inflation expectations, which should allow inflation to return to a downward trajectory toward the 5% target in 2027.

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NBU

“The NBU stands ready to continue using monetary tools, including further tightening of interest rate policy, to contain price pressures,” the governor emphasized.

As reported, the National Bank in January 2022 raised the key policy rate to 10%. In June 2022, it was hiked sharply from 10% to 25%, where it remained for more than a year. On July 27, 2023, the rate was lowered to 22%, followed by gradual reductions. Since January 2026, the rate had stood at 15%.