Surprise Rate Hike: National Bank Boosts Key Interest Rate
The National Bank of Ukraine (NBU) has increased its key interest rate by 0.5 percentage points to 13.5% per annum. This decision was made in response to inflation reaching 11.2% in November. The NBU aims to stabilize the foreign exchange market, prevent the disruption of inflation expectations, and gradually align inflation with its 5% target. … Read more