乌克兰国家银行决定在2025年9月11日将其政策利率维持在15.5%，保持连续四次会议不变。政策制定者表示，目前的立场将使央行能够维持适当的货币条件，支持外汇市场的稳定，锚定预期，并引导通胀达到5%的目标。消费者价格增长已连续三个月放缓，8月份同比下降至13.2%，这得益于市场上新收成的到来，尽管仍处于高位。央行预计通胀将进一步下降，这既反映了新收成的影响，也反映了国家银行为保持格里夫纳资产吸引力和外汇市场稳定所采取的措施。央行强调，全面战争仍然是通货膨胀和经济的主要风险，并指出外部援助确保了充足的储备和预算融资。
The National Bank of Ukraine has decided to leave its policy rate at 15.5% on September 11, 2025, maintaining four straight meetings without a change. Policymakers stated that the current stance will allow the central bank to sustain appropriate monetary conditions, support stability in the FX market, anchor expectations, and guide inflation toward the 5% target. Consumer price growth has slowed for three consecutive months, falling to 13.2% year-on-year in August, aided by the arrival of the new harvest to the market, though it remains elevated. The central bank expects inflation to decline further, reflecting both the impact of fresh harvests and the NBU’s steps to maintain hryvnia asset attractiveness and FX market stability. The central bank underlined that the full-scale war remains the main risk to inflation and the economy, noting that external aid ensures sufficient reserves and budget financing.
