- Key Rate Reduction: The National Bank of Ukraine has lowered its key policy rate from 14.5% to 15.5%, effective March 7, 2025, following an earlier increase from 13.5% to 14.5% on January 24, 2025.
- Impact on Late Payment Penalties: This change in the key policy rate affects the late payment penalty interest rates, which are calculated based on the National Bank’s rate.
- New Penalty Interest Rate: As a result of the key rate adjustment, the penalty interest rate will rise from 17.4% to 18.6% per annum, as it is set at 120% of the National Bank’s rate.
Source Orbitax
