The National Bank of Ukraine decided to leave the discount rate at the level of 15.5% per annum, starting from June 6, 2025. About this stated Head of the NBU Andriy Pyshny during a briefing.
According to the chairman of the NBU, such a decision will contribute to the stability of the foreign exchange market and help keep inflationary expectations under control, which, in turn, will allow inflation to return to the trajectory of a steady slowdown.
“In the event of increased threats to a sustained reduction in inflation to the 5% target, the NBU will keep the discount rate unchanged longer than the April macro forecast predicted”, – Pyshnyi emphasized.
The NBU discount rate is a key instrument of monetary policy and determines the cost of funds for banks. It affects interest rates on loans for businesses and households, inflation, the hryvnia exchange rate, and general economic dynamics.
The higher the rate, the more attractive hryvnia assets become and the stronger the support for the national currency. At the same time, lowering the rate makes loans more affordable, but may put pressure on the exchange rate. An increase in the discount rate usually slows consumer spending and inflation. The change in this indicator is an important guide for financial markets regarding the current and expected actions of the regulator and the general state of the economy.
