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From Washington to Kyiv, central banks hold rates as Iran war sends oil prices soaring

Ukraine's central bank kept its key rate unchanged at 15% on March 19, as an unexpected bump in inflation and war in the Middle East cause the bank to err on the side of caution.

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The conflict in the Middle East is already directly affecting macroeconomic indicators in Ukraine, and rising fuel prices may accelerate inflation.

The world ' s geopolitical challenges could lead to a deterioration of inflationary expectations: the Middle East war could lead to a deterioration of the situation: inflation could rise in the coming months and forecasts remained uncertain. On 19 March, the regulator on the official website reported that Ukraine ' s international reserves would grow by 25 per cent in the next two years, the Big One on NBA plans, but Ukraine is trying,…

·Kyiv, Ukraine
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Rising fuel and gas prices amid the war in the Middle East will affect inflation - The National Bank of Ukraine expects a higher inflation trajectory due to rising prices for petroleum products amid the war in the Middle East. The regulator plans to stabilize the market.

·Kyiv, Ukraine
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Portfolio broke the news in on Thursday, March 19, 2026.
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