The National Bank of Ukraine has announced its decision to reduce the key policy rate from 15.5% per annum to 15.0% with effect from 30 January 2026. The rate was previously increased from 14.5% to 15.5% with effect from 7 March 2025. For tax purposes, this affects the late payment penalty interest, which is based on the National Bank rate. The penalty interest rate is equal to 120% of the Nat…