The National Bank of Ukraine (NBU) has decided from December 13, 2019 to cut its refinancing rate to the level, at which it was two years ago – 13.5% per annum from 15.5% per annum, which was set from October 25, 2019. “The NBU speeds up the monetary policy easing, as the rapid appreciation of … Read more
The National Bank of Ukraine (NBU) plans to launch transactions with derivatives in the second quarter of 2020, according to a presentation of open markets by the NBU on its website. At the first stage, the interest rate swap (IRS) and the conventional swap will be introduced, at the second – forward operations and a … Read more
Solvent Ukrainian banks in January-August 2019 received UAH 44.29 billion in net profit, which is 3.2 times more than in the same period in 2018, the National Bank of Ukraine (NBU) has said. “More than half (58.3%) of this result was provided by the activities of state-owned PrivatBank,” the central bank said on its website. … Read more
The National Bank of Ukraine (NBU) has canceled a monthly limit of EUR5 million for repatriation of funds from the sale of securities, corporate rights, as well as funds received as a result of a decrease in the charter capital of legal entities and the withdrawal of foreign investors from business entities, the NBU said … Read more
The National Bank of Ukraine has decided from September 6 to lower the refinancing rate to 16.5% per annum from 17% per annum, at which it has been since July 19 of this year. “The National Bank continues the cycle of easing monetary policy, as it expects inflation to slow to the target of 5%,” … Read more
The net profit of solvent banks in Ukraine in January-June 2019 amounted to UAH 31 billion, which is 3.7 times more than in the same period last year (UAH 8.3 billion), the NBU said on its Facebook page. The NBU pointed to three factors of growth in bank profits: a 20% increase in net interest … Read more
The National Bank of Ukraine has improved its macro forecast for 2019–2021: the estimate of the real growth of the economy this year has been raised from 2.5% to 3%, and in the next year from 2.9% to 3.2%. “Compared with the April macroeconomic forecast, the National Bank improved its forecast for the economic growth … Read more
The National Bank of Ukraine has decided from July to lower the refinancing rate to 17% per annum from the level of 17.5% per annum, at which it had been holding it since the end of April. “The NBU continues the cycle of monetary policy easing as inflation is declining towards the target of 5%,” … Read more
Real GDP growth in Ukraine in 2019 will slow down to 2.5%, and in 2020-2021 will accelerate to 2.9% and 3.7% respectively, the National Bank of Ukraine (NBU) has affirmed its forecast. According to its data, the estimate of inflation for this period also remained unchanged: 6.3% this year and 5% in each of 2020-2021. … Read more
The National Bank of Ukraine (NBU) again decided to remain unchanged the refinancing rate at the level of 18% per annum, according to a posting on the website of the central bank on Thursday. Decision No. 199-rsh on the size of the refinancing rate was approved by the central bank’s board on March 14, 2019. … Read more