The National Bank of Ukraine (NBU) is reducing its discount rate, the rate by which banks pay to borrow money from the central bank, to 22%, NBU Chairman Andriy Pyshnyy said on July 27. “A rapid slowdown in inflation and a stable situation on the foreign exchange market enables the beginning of a cycle of … Read more
The government of Ukraine on July 21 made a decision on state participation in the withdrawal of the systemically important JSC Sense Bank from the market in order to ensure the stability of the country’s financial system and protect the interests of depositors and other creditors of the bank, the Ministry of Finance said. “Nationalization … Read more
The National Bank of Ukraine (NBU) has decided to withdraw Sense Bank (formerly Alfa-Bank) from the market and turned to the government with a proposal to nationalize it, NBU Governor Andriy Pyshnyy said. “The board of the National Bank … decided to withdraw the systemically important Sense Bank from the market and made a proposal … Read more
Ukraine’s foreign currency reserves have reached almost $39 billion, a record high for the country, Andriy Pyshnyy, the governor of the National Bank of Ukraine, Ukraine’s central bank, said in a post on Facebook on July 6. “This is an incredible result for the country in the context of a full-scale war,” Pyshnyy wrote. “This … Read more
Businesses have once again evaluated their current performance positively for the third consecutive month, as reported in the Business Activity Expectations Index by the National Bank of Ukraine (NBU) on July 3. In June, the business climate index remained above the neutral level of 50 points, rising to 50.8 compared to 50.5 in May. Positive … Read more
The National Bank of Ukraine (NBU) has decided to keep the key policy rate unchanged at 25%, as market participants expected, the NBU reported on its website on Thursday. “In order to maintain exchange rate sustainability, with a view to ensuring a steady decline in inflation and creating the right conditions for a gradual easing … Read more
The National Bank of Ukraine (NBU) has eased currency restrictions by allowing the transfer of funds abroad for the repayment of certain foreign loan categories, the central bank reported on June 15. “The NBU made the relevant decisions to ease FX restrictions in view of the stable situation on the FX market, the sufficiently high … Read more
The National Bank of Ukraine (NBU) has introduced an additional requirement for nonresidents to repatriate interest income received on domestic loan government bonds: the minimum continuous period of investor ownership of this government bond is at least the last 90 calendar days in a row until interest is received. “This will help prevent premature repatriation … Read more
The decline in Ukraine’s real GDP slowed to 13.5% in Q1 2023, against 31.4% and 30.6% in Q3 and Q4 2022, respectively, the National Bank of Ukraine (NBU) said in its April 2023 Inflation Report. However, according to the NBU, the economy will start recovering immediately, rising by 15.9% from Q2 2023, because of the low base of comparison … Read more
Ukraine’s international reserves was USD 35.9 billion as of May 1, reaching the highest level in the past eleven years, the press office of the National Bank of Ukraine (NBU) wrote on May 4. Last time Ukraine’s international reserves were higher was in August 2011. The reserves volume increased in April by 13% because of the international support … Read more