Andriy Pyshnyi
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Ukraine's central bank raises key rate to 16% as inflation overshoots forecast
The National Bank of Ukraine lifted its key policy rate by 0.5 percentage points to 16%, the second consecutive hike, citing sustained inflationary pressure and war-related supply shocks. Consumer inflation accelerated to 8.1% year-on-year in August, slightly above the NBU's July forecast, driven by fuel prices linked to Middle East escalation and higher administrative tariffs after Russian strikes on infrastructure.