Mmastodon BusinessEconomy first seen 6 h ago, last 6 h ago, peak #5

Ukraine's central bank hikes rate to 16.5% as recession forecast

Original: KYIV POST: NBU Hikes Rate to 16.5% After Forecast Turns to Recession and Higher Inflation https://www. kyivpost.com/post

Ukraine's National Bank raised its key interest rate to 16.5%, flipping its 2026 GDP forecast from 1.8% growth to a 0.4% contraction while raising its year-end inflation projection. The move signals the central bank is prioritising price stability despite the deteriorating economic outlook, drawing attention to mounting pressure on Ukraine's wartime economy.

Why now: The sharp policy reversal, combining a rate hike with a recession forecast, highlights worsening economic conditions in Ukraine under prolonged war pressure.

National Bank of UkraineKyiv PostUkraine

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Evidence

• KYIV POST: NBU Hikes Rate to 16.5% After Forecast Turns to Recession and Higher Inflation https://www. kyivpost.com/post/88590 The NBU lifted the key rate to 16.5% as it flipped its 2026 GDP forecast from 1.8% growth to a 0.4% contraction and raised its year-end inflation… · ukrdef@mstdn.social

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