The National Bank raised the discount rate, predicted an increase in inflation and a decline in the economy, and also noted a "sharp decline in business activity" due to Russian attacks. The NBU decided to increase the discount rate by 0.5% for the year in October - from 16% to 16.5%, said NBU chairman Andrey Fishny. "In light of the significant increase in price pressure and worsening inflation expectations. This decision will support the attractiveness of hryvnia assets and the stability of the foreign exchange market, which will help maintain control over inflation expectations and price dynamics," he emphasized. Fishni also announced the worsening of the National Bank's inflation forecast from 10% to 12.5%, with the current value (September) of 10%, and emphasized that the share of the results of the shelling of Ukraine in the current inflation is 0.7%. "Among other important factors that will affect price dynamics are the effects of the increase in fuel prices and the expansion of budgetary incentives. Russian attacks have led to a sharp decline in business activity, and the loss of economic potential will limit the recovery," said Andrey Peshni. The head of the National Bank also announced a sharp deterioration in the NBU's economic growth forecast for 2026, to the point of recession - from "plus" 1.8% to "minus" 0.4%. There was also a decrease in receiving international aid. "The scope of international financial aid in the third quarter was lower than expected, mainly due to delays in the implementation of reforms by Ukraine. At the same time, in October, the parliament adopted several laws to cancel the blocking of funding from the European Union and the International Monetary Fund. It is expected that the pace of fulfilling the obligations within the support programs will continue to catch up, which will reduce the uncertainty of the refinancing. of about 50 billion dollars in 2026. Direct budget support and more than 32 billion dollars for the defense component of the support program for Ukraine in 2027, about 52 billion dollars is expected to be received.

The National Bank raised the discount rate, predicted an increase in inflation and a decline in the economy, and also noted a "sharp decline in business activity" due to Russian attacks. The NBU decided to increase the discount rate by 0.5% for the year in October - from 16% to 16.5%, said NBU chairman Andrey Fishny. "In light of the significant increase in price pressure and worsening inflation expectations. This decision will support the attractiveness of hryvnia assets and the stability of the foreign exchange market, which will help maintain control over inflation expectations and price dynamics," he emphasized. Fishni also announced the worsening of the National Bank's inflation forecast from 10% to 12.5%, with the current value (September) of 10%, and emphasized that the share of the results of the shelling of Ukraine in the current inflation is 0.7%. "Among other important factors that will affect price dynamics are the effects of the increase in fuel prices and the expansion of budgetary incentives. Russian attacks have led to a sharp decline in business activity, and the loss of economic potential will limit the recovery," said Andrey Peshni. The head of the National Bank also announced a sharp deterioration in the NBU's economic growth forecast for 2026, to the point of recession - from "plus" 1.8% to "minus" 0.4%. There was also a decrease in receiving international aid. "The scope of international financial aid in the third quarter was lower than expected, mainly due to delays in the implementation of reforms by Ukraine. At the same time, in October, the parliament adopted several laws to cancel the blocking of funding from the European Union and the International Monetary Fund. It is expected that the pace of fulfilling the obligations within the support programs will continue to catch up, which will reduce the uncertainty of the refinancing. of about 50 billion dollars in 2026. Direct budget support and more than 32 billion dollars for the defense component of the support program for Ukraine in 2027, about 52 billion dollars is expected to be received.