The National Bank of Ukraine (NBU) has decided to keep the key policy rate at 25% and introduce additional measures to ensure banking sector stability, NBU press service reported on March 17. In particular, the question of introducing a set of additional measures to strengthen the competition of banks for retail term deposits is being … Read more
The National Bank of Ukraine (NBU) has decided to keep the key policy rate at 25% per annum and, as market participants expected, and to take a number of additional measures to spur competition among the banks for retail term deposits by cutting the interest rate on overnight certificates of deposit, to 20% from 23%. … Read more
Ukraine’s international reserves amounted to $29.9 billion as of Feb. 1, 2023, the National Bank of Ukraine (NBU) reported on Feb. 7. According to the NBU, the central bank’s foreign currency reserves grew by 5% in January, mainly due to inflows to the government’s accounts and spending on servicing and repaying public debt. Meanwhile, forex inflows to … Read more
The National Bank of Ukraine (NBU) has improved its inflation forecast for 2023 to 18.7%, down from from 20.8%, the press office of the central bank said on Jan. 26in a report on the financial situation in Ukraine. Tight monetary conditions, global inflation declines and weaker consumer demand amid regular power outages will contribute to the … Read more
Fixing the hryvnia exchange rate has been and remains the main factor in keeping inflation under control, but this was achieved through a set of steps, including raising the key policy rate to 25%, Director of the NBU’s Monetary Policy and Economic Analysis Department Volodymyr Lepushinsky has said. “Controlled inflation, which at the end of … Read more
The liquidity of the banking system of Ukraine is sufficient for the Ministry of Finance to ensure refinancing of payments on government domestic loan bonds (rollover), however, acceptable rates of return are a condition for it, Deputy Governor of the National Bank of Ukraine (NBU) Yuriy Heletiy has said. “We see enough liquidity in the … Read more
A one-time correction of the hryvnia official exchange rate and additional measures taken by the NBU to ease the depreciation pressure helped reduce imbalances on the FX market and, coupled with large amounts of international financial assistance, this allowed increasing international reserves, the central bank has said. “Ukraine’s international reserves are sufficient to keep the … Read more
The National Bank of Ukraine (NBU) has stepped up measures to stabilize the situation on the cash foreign exchange market, having decided to sell foreign currency on this market segment, and not only on the interbank FX market. “We have decided to sell the currency for this segment, which was not the case before,” Oleksiy … Read more
From 09:00 on July 21, 2022, the National Bank of Ukraine adjusted the official exchange rate of the hryvnia against the U.S. dollar by 25% – from UAH 29.2549/$1 to UAH 36.5686/$1, taking into account changes in the fundamental characteristics of the Ukrainian economy during the war and strengthening of the U.S. dollar against other … Read more
Banks will lose at least 20% of their loan portfolio due to the war, but more than half of the top 20 banks will retain their operating profit, Deputy Governor of the National Bank of Ukraine Serhiy Nikolaychuk said. “According to our estimates, banks will lose more than 20% of their loan portfolio due to … Read more