NBU Hikes Rate to 16.5% After Forecast Turns to Recession and Higher Inflation
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The NBU lifted the key rate to 16.5% as it flipped its 2026 GDP forecast from 1.8% growth to a 0.4% contraction and raised its year-end inflation outlook to 12.5%. The central bank blamed Russian strikes on production and logistics, a port blockade and fuel prices. It plans to hold the rate until the Q2 of 2027.
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- https://www.kyivpost.com/post/88590
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- 29/10/2026 17:12 UTC
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- 29/10/2026 17:40 UTC
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