National Bank of Ukraine
Coverage of National Bank of Ukraine in the Nexus archive.
- Ukraine's Banks Post Longest Credit Growth in 15 Years as Windfall Tax Threatens to Choke It Off
Ukraine's banks experienced their longest credit expansion in 15 years, but the NBU warned that Russian strikes reduced business efficiency and a planned 2027 windfall tax could harm bank profitability.
- NBU Keeps 15% Rate Despite Inflation, Eyes Possible Hike
Ukraine’s central bank maintained its 15% key policy rate on June 18, citing tight monetary conditions and easing geopolitical risks. It warned of rising core inflation and indicated potential rate hikes to stabilize expectations, while forecasting a $13 billion external financing increase in June.
- No Economic Model Can Predict When Russia Runs Out of Money for War, NBU Says
Russia's seaborne oil export revenues nearly tripled to $2.5 billion weekly in Q1 2026 due to Middle East shipping risks and premium pricing. However, the National Bank of Ukraine reports underlying economic deterioration including GDP contraction, budget deficit overruns, and a 45.4% year-on-year decline in oil and gas revenues, with the timeline to resource exhaustion determined by politics rather than economic models.
- Ukraine war briefing: Hungary’s new leader says he would ask Putin to end the killing in Ukraine
Hungary's new leader Péter Magyar pledges to seek dialogue with Putin to end Ukraine's war but won't initiate contact. Ukraine expresses relief over the defeat of pro-Putin leader Viktor Orbán, which could facilitate a €90bn loan. Inflation risks rise due to global energy prices, while Ukraine's military targets a Russian chemicals plant.