{"id":1350927,"date":"2026-01-29T15:04:11","date_gmt":"2026-01-29T13:04:11","guid":{"rendered":"https:\/\/prm.ua\/easing-of-interest-rate-policy-nbu-lowers-discount-rate-to-15\/"},"modified":"2026-01-29T15:04:11","modified_gmt":"2026-01-29T13:04:11","slug":"easing-of-interest-rate-policy-nbu-lowers-discount-rate-to-15","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/easing-of-interest-rate-policy-nbu-lowers-discount-rate-to-15\/","title":{"rendered":"Easing of interest rate policy: NBU lowers discount rate to 15%"},"content":{"rendered":"<p><strong>The National Bank of Ukraine lowered the discount rate for the first time in more than a year and a half, fixing it at 15%.<\/strong><\/p>\n<p> <span style=\"font-weight: 400;\">This was announced by the head of the NBU, Andriy Pyshny,<\/span> <a href=\"https:\/\/www.rbc.ua\/rus\/news\/nbu-zniziv-oblikovu-stavku-15-chomu-vin-tse-1769689084.html\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">quoted by<\/span><\/a> <span style=\"font-weight: 400;\">RBC-Ukraine.<\/span><\/p>\n<p> <span style=\"font-weight: 400;\">As it became known, the National Bank has reduced the discount rate by 0.5%. It is noted that this step was taken as part of the strategy to bring inflation to 5% and support the economy.<\/span><\/p>\n<p> <span style=\"font-weight: 400;\">&#8220;The Board decided to begin a cycle of easing interest rate policy, given the steady decline in inflationary pressure and the reduction in risks associated with external financing,&#8221; Pyshny said at a press conference.<\/span><\/p>\n<p> <span style=\"font-weight: 400;\">According to him, inflation in Ukraine decreased to 8% year-on-year in the last month of 2025. He explained that this was due to higher productivity, reduced pressure on the labor market, and the maintenance of a stable situation in the foreign exchange market.<\/span><\/p>\n<p> <span style=\"font-weight: 400;\">\u201cInflation will be moderate in 2026, and will continue to be close to the 5% target, with its achievement in mid-2028,\u201d the official noted.<\/span><\/p>\n<p> <span style=\"font-weight: 400;\">It is worth noting that the discount rate is an indicator by which the National Bank sets a benchmark for monetary market entities regarding the value of money in the country. The interest rate at which it is possible to take out a loan or open a deposit depends on the discount rate.<\/span><\/p>\n<p> <span style=\"font-weight: 400;\">This indicator was last changed in June 2024.<\/span><\/p>\n<p> As a reminder, in December <a href=\"https:\/\/prm.ua\/nbu-zalyshyv-oblikovu-stavku-na-rivni-15-5-cherez-vysoki-infliatsiyni-ochikuvannia\/\">the board of the National Bank of Ukraine decided to keep the discount rate at the current level<\/a> of 15.5%. As the regulator explains, inflation expectations of economic agents remain elevated, despite the general slowdown in price growth.<\/p>\n<p> Also follow <strong>\u201cPryamim\u201d<\/strong> on <a href=\"https:\/\/www.facebook.com\/pryamiy\/\" target=\"_blank\" rel=\"noopener nofollow\">Facebook<\/a> , <a href=\"https:\/\/twitter.com\/prm_ua\" target=\"_blank\" rel=\"noopener nofollow\">Twitter<\/a> , <a href=\"https:\/\/t.me\/+rtV4dxYu2_cyNjVi\" target=\"_blank\" rel=\"noopener nofollow\">Telegram<\/a> , and <a href=\"https:\/\/www.instagram.com\/pryamiy\/\" target=\"_blank\" rel=\"noopener nofollow\">Instagram.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Bank of Ukraine lowered the discount rate for the first time in more than a year and a half, fixing it at 15%. This was announced by the head of the NBU, Andriy Pyshny, quoted by RBC-Ukraine. As it became known, the National Bank has reduced the discount rate by 0.5%. It is [&hellip;]<\/p>\n","protected":false},"author":62,"featured_media":1300710,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[1],"class_list":["post-1350927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-kategoriyi"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1350927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1350927"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1350927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1300710"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1350927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1350927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}