"Considering the high level of uncertainty, which has only increased over past months, the NBU will respond flexibly to changes in the balance of risks to the price dynamics and inflation expectations," the central bank's statement read.

The National Bank of Ukraine (NBU) has kept the interest rate on hold at 15.5% after raising the key policy rate three times since the beginning of 2025, it announced on April 17.

This move will help maintain the sustainability of the forex market, keep inflation expectations under control, and gradually reduce inflation to the 5% target over the policy horizon, the NBU said.