{
  "id": 17061521,
  "title": "National Bank raises key policy rate to 16.5%",
  "url": "https://urgent.news/2026/10/29/national-bank-raises-key-policy-rate-to-16-5",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T12:31:00.000Z",
  "source": {
    "name": "Ukrinform - Economy",
    "slug": "ukrinform-economy",
    "url": "https://www.ukrinform.net/rubric-economy/4179372-national-bank-raises-key-policy-rate-to-165.html"
  },
  "original_language": "en",
  "account": "National Bank Governor Andriy Pyshnyy announced a significant policy rate increase to 16.5% at a recent briefing. The decision was made to combat heightened price pressures and deteriorating inflation expectations, according to Pyshnyy. He explained that the move would bolster the appeal of hryvnia assets and enhance the stability of the foreign-exchange market, aiding in the management of inflation expectations and price trends. The National Bank (NBU) remains prepared to adjust further in response to evolving risk dynamics, taking into account both persistent price pressures and possible impacts from reduced economic activity. The bank had previously increased the key policy rate to 10% in January 2022, and subsequently hiked it to 25% in June 2022, maintaining this level for over a year. On July 27, 2023, the rate was reduced to 22%, with continuous gradual reductions leading up to the September 2026 increase to 16%.",
  "summary": "The National Bank of Ukraine has raised its key policy rate to 16.5%.",
  "key_points": [
    "National Bank Governor Andriy Pyshnyy raised policy rate to 16.5%",
    "Decision aimed to curb price pressures and inflation expectations",
    "NBU ready to further adjust rates based on evolving risk dynamics"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}