The National Bank of Ukraine (NBU) plans to bring the criteria of determining systemically important banks in line with the recommendations of the European Banking Authority (EBA), according to a posting on the website of the central bank. The National Bank plans to complete the update of the methodology for assessing the systemic importance of … Read more
The National Bank of Ukraine (NBU) has completed the expanded pilot project to launch the e-hryvnia and continues studying the prospects of applying the tool, the director of the department of payment systems and innovative development of the central bank, Oleksandr Yablunivsky, has said. “At the end of last year, we launched a practical pilot, … Read more
The National Bank of Ukraine (NBU) has allowed companies and banks with foreign investments to repatriate dividends for 2018, NBU Deputy Governor Oleh Churiy has said. “We’ve allowed the repatriation of dividends for 2018. Today, we still have a so-called ‘monthly limit’ of EUR 7 million. Now [within this limit] it will be possible to … Read more
The National Bank of Ukraine (NBU) believes that the forecast of slowing inflation in 2019 to 6.3% from 9.8% in 2018 announced in October 2018 is realistic. “Inflation will continue to slow down gradually. As before, the NBU expects that it will fall to 6.3% by the end of 2019 and by 5.0% by the … 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. “The NBU Board decided to keep the refinancing rate at 18% per annum. The retaining of the refinancing rate at the … Read more
The National Bank (NBU) could in the near future reduce the rate of mandatory sale of foreign currency earnings for exporters from 50% to 30% or cancel it completely, Deputy Governor of the NBU Oleg Churiy has said. “If we carry out another wave of currency liberalization in the near future, we will remove or … Read more
The National Bank of Ukraine (NBU) has approved and published regulations that are the basis for a new liberal currency regulation system provided for by the law on currency and foreign exchange transactions. According to the NBU’s website, the new currency regulation system consists of eight main decrees of the NBU, which replaced the previous … Read more
The National Bank of Ukraine (NBU) has worsened expectations as of the growth of the Ukrainian economy in 2019 and predicts a slowdown to 2.5%, according to the central bank’s website. “In 2019, real GDP growth will slow to 2.5% (2.9% in the previous forecast), due to the waning effects of higher social standards, the … Read more
The National Bank of Ukraine (NBU) has decided to raise the refinancing rate by 0.5 percentage points (p.p.), to 17.5% from July 13, 2018, to bring inflation to the target range in 2019. A decision resolution on the key policy rate was approved by the NBU Board on July 12, 2018, the central bank said … Read more
Ukraine’s gross foreign debt as of early 2018 was $116.578 billion, which is 2.59% more than at the beginning of 2017, according to the website of the National Bank of Ukraine (NBU). According to the central bank, government debt in 2017 increased by 6.55%, to $38.886 billion, NBU liabilities by 19.16%, to $7.438 billion. Government … Read more