The National Bank lowered the key policy rate to 13.5% and improved its inflation forecast. With the discount rate decrease, the rates on overnight deposit certificates and three-month deposit certificates are also reduced – to 13.5% and 16.5%, respectively. The National Bank of Ukrain... #CurrencyLiberalization #InflationinUkraine #KeyPolicyRate #nbu #UkraineBudget2024 #UkraineEconomy
The NBU is considering lifting restrictions on currency withdrawals to service old debts. The head of the NBU, Andriy Pyshnyi, said: “Currently, we see the presence of sufficient prerequisites for continuing the process of currency liberalization following the strategy approved as pa... #AndriiPyshnyi #CurrencyLiberalization #CurrencyRestrictions #financeUkraine #nbu
Currency restrictions effectively stabilize the Ukrainian economy, but they hold back investment. The director of the NBU’s monetary policy department, Volodymyr Lepushynskyi, stated: “Currency restrictions are effective for stabilizing the economy, but they are burdensome for it and hold ba... #CurrencyLiberalization #CurrencyRestrictions #InvestmentsinUkraine #nbu #UkraineEconomy
The key policy rate in Ukraine may drop to 11-12% by the end of the year. Some members of the Monetary Policy Committee of the National Bank have not ruled out a lowering of the key policy rate to 11%–12% this year. This rate will be consistent with expected moderate inflat... #CurrencyLiberalization #financeUkraine #InflationinUkraine #KeyPolicyRate #nbu #UkraineEconomy
The NBU is preparing for the second stage of currency policy liberalization. The head of the National Bank, Andriy Pyshnyi, said at a meeting with businesses: “The NBU is determined to continue currency liberalization despite all the challenges posed by the war. We will ... #AndriiPyshnyi #CurrencyLiberalization #financeUkraine #nbu #Ukrsibbank #YuriGeletiy
Ukraine is preparing for the second stage of currency liberalization. The head of the National Bank, Andriy Pyshnyi, specified that he foresees an easing of trade financing and the possibility of paying interest on the obligations of Ukrainian issuers. At the same time,... #AndriiPyshnyi #CurrencyLiberalization #financeUkraine #ICC #nbu #VolodymyrShchelkunov
The Ukrainian government will ease restrictions for businesses. According to EBA, the NBU currently understands that currency restrictions are gradually exhausting their function, and the macroeconomic situation in the country is stabilizing. Because of this, the ... #CurrencyLiberalization #EBA #nbu #ReformsinUkraine #RestrictionsForBusinesses