Ukraine central bank raises key rate to 16% amid inflation risks
Ukraine’s central bank increased its key rate to 16%, citing persistent inflation pressures amid intensified Russian air attacks on economic infrastructure and describing the move as a rare consecutive increase.
Ukraine's central bank raised its key rate by half a point to 16% on Thursday, marking a rare back-to-back increase as inflationary pressures continued amid intensified Russian air strikes on economic infrastructure, officials said. In a statement, the central bank said the move was intended to support price stability.