The National Bank of Ukraine (NBU) has downgraded its estimate of the growth of the country’s gross domestic product (GDP) in 2021 from 3.1% to 3%, in 2022 – to 3.4% from 3.8%, the regulator said in an inflation report for January, posted on the official website. “The NBU has downgraded its forecast for Ukraine’s … Read more
Ukraine has temporarily lost access to external capital markets due to stress levels of rates, Oleksiy Lupin, the director of the open markets department at the National Bank of Ukraine (NBU), said. “Geopolitics has led to an increase in the “risk penalty” for Ukraine both on external markets and on domestic markets. Moreover, on external … Read more
The National Bank of Ukraine (NBU) sees no signs of panic behavior in the foreign exchange market, aggressive purchases are shown only by non-residents who have sold government domestic loan bonds, NBU Governor Kyrylo Shevchenko said. “We don’t see any signs of panic behavior,” he said during a briefing in Kyiv. Only one category of … Read more
The National Bank of Ukraine (NBU) raised the key policy rate by 100 basis points, to 10% per annum from the current 9%, according to a report on the NBU website. “The Board of the National Bank decided to raise the key policy rate to 10% per annum. The implementation of a significant number of pro-inflationary risks … Read more
Ukraine’s international reserves in 2021 grew by 6%, or $1.8 billion, the National Bank of Ukraine has said. “According to preliminary data, Ukraine’s international reserves amounted to $30.941 billion as of January 1, 2022. In 2021, they increased by $1.8 billion or 6%. International reserves have increased as Ukraine received external financing and the National … Read more
Ukraine’s international reserves increased to $31.6 billion dollars as of September 1, thus reaching a nine-year high, the press service of the National Bank of Ukraine (NBU) has reported. “As of September 1, 2021, Ukraine’s international reserves, according to tentative data, amounted to $31.615 billion,” the statement said. This is a record amount of reserves … Read more
Ukraine’s international reserves have grown to over $28.5 billion, which is 12.6% more than as of December 1, 2020 ($25.3 billion), Head of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn has said. “The international reserves of the NBU on December 28 remained at a level close to an eight-year high – … Read more
The Board of the National Bank of Ukraine has decided to keep its key policy rate at 6% per annum. The NBU expects inflation, which increased to 3.8% in November, into the target corridor of 5% +/- 1 pp at the end of the year and further growth in consumer prices in the following months, … Read more
The National Bank of Ukraine (NBU) has improved its inflation forecast for 2020 from 4.7% (in the July forecast) to 4.1%, while worsened it for the next year from 5.5% to 6.5%. “Considering the weak dynamics of consumer prices in Q3, the NBU has revised its annual inflation forecast downward, to 4.1%… Consumer inflation will … Read more
The Board of the National Bank of Ukraine (NBU) has decided to leave its key policy rate unchanged at 6%, according to a posting on the website of the central bank on Thursday. “The Board of the National Bank of Ukraine has decided to keep its key policy rate at 6% per annum. The sustained … Read more