Ukraine’s Central Bank Raises Rate to 16.5% as Inflation Outlook Worsens
Photo: TokenPost
The National Bank of Ukraine raised its key policy rate by 0.5 percentage point to 16.5% on Thursday, Oct. 29, with the increase taking effect Friday, Oct. 30. The bank forecast 12.5% inflation and a 0.4% contraction in real gross domestic product for 2026. September headline inflation was 10.0% year over year, while core inflation was 8.8%. The NBU estimated price pressures continued into October, linking them to higher fuel prices amid the war in the Middle East and attacks on Ukraine’s warehousing and logistics infrastructure.
Source: TokenPost
