The National Bank of Ukraine (NBU) has reduced its key policy rate to 15%, according to an announcement by NBU Governor Andriy Pyshnyy. This decision was made during a recent board meeting aimed at adjusting monetary policy in response to current economic conditions.
The rate cut reflects the central bank’s efforts to support economic stability and growth amid ongoing challenges. The NBU continues to monitor inflation and other economic indicators closely to guide future policy decisions.
**Why this matters**
The key policy rate influences borrowing costs across the economy, affecting consumer spending, business investment, and overall economic activity. A lower rate can help stimulate growth by making loans more affordable, but it also requires careful management to keep inflation under control.
Source: News Source