National Bank: inflation will grow at a higher rate than predicted. Last week, the State Statistics Service announced that consumer inflation accelerated to 7.5% annually in August from 5.4% in July. In monthly terms, prices increased by 0.6%. However, the NBU noted t... #Hryvnia #InflationinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy
The devaluation of the national currency against the dollar will continue in 2024. According to analysis from the ICU: “Given the NBU’s desire for devaluation and increased exchange rate volatility, we have revised the year-end exchange rate forecast to ₴42.3 per $1 comp... #CurrencyLiberalization #financeUkraine #foreignexchangemarket #Hryvnia #hryvniadevaluation #nbu
The NBU explains why the hryvnia strengthened at the beginning of the year. In January 2024, the situation on Ukraine’s foreign exchange market gradually improved, recovering amidst the fading effects of significant budget expenditures at the end of the year, explained NBU De... #AndriiPyshnyi #financeUkraine #Hryvnia #hryvniaexchangerate #nbu #UkraineEconomy #YuriGeletiy
The flow of foreign currency to Ukraine is decreasing, increasing risk for the hryvnia. Over the past few months, currency inflows to Ukraine have significantly decreased, which is explained by two factors: the deficit of foreign trade and the reduction of financial aid from partner coun... #financeUkraine #financialaidforUkraine #foreigncurrency #Hryvnia #UkraineForeignTrade
Bankers lower their expectations for the hryvnia to dollar exchange rate for the next year. Bankers, financial analysts, business managers, and private individuals predict that the exchange rate will be close to ₴40/$1 or higher in the next 12 months, reported the NBU. In October 2023, finan... #dollarexchangerate #financeUkraine #Hryvnia #nbu #SerhiiNikolaychuk
The NBU is introducing a flexible dollar exchange rate. As the National Bank explained, “The regulator will carefully monitor the situation in the foreign exchange market and remain a key player. To provide stability, the NBU will compensate for the ... #CurrencyMarket #dollarexchangerate #financeUkraine #Hryvnia #nbu
What consumer prices and dollar exchange rates do Ukrainians expect? According to the NBU, both financial analysts and the public expect a slowing trend to the growth of consumer prices. Financial analysts in July predicted that inflation would be 12% over the next 12 ... #currencyexchange #dollarexchangerate #Hryvnia #InflationinUkraine #nbu
Ukraine has not printed money for budgetary needs for the last six months. According to the head of the NBU, Andriy Pishnyi, since the beginning of 2023 the government was able to avoid this practice because it has been able to attract 50% more funds through the domestic deb... #AndriyPishnyi #financeUkraine #Hryvnia #nbu #NBUprintedMoney
According to the Big Mac Index, the Ukrainian currency has become the fourth most undervalued. The Ukrainian hryvnia dropped to fourth place in the list of undervalued world currencies in the updated Big Mac Index. A year ago, it was in sixth place, according to data from The Economist for Janu... #BigMacIndex #Hryvnia #Ukrainecurrency
The NBU has spent more than $20B to support the hryvnia. In October, the National Bank of Ukraine reduced the market sale of currency to $2.08B, against $2.79B in September. At the same time, the volume of purchases remained relatively insignificant –... #CurrencySale #Hryvnia #nbu
Testifying to the stability of the hryvnia, Ukrainians sold approximately $1 billion in foreign currency since the start of this year, wrote Bohdan Danylyshyn, Head of the Council of the National Bank of Ukraine, on Facebook. Through Tuesday, net sales of foreign currency amounted to $970 million, he writes, citing Central Bank figur... #Hryvnia #Ukrainecurrency #UkraineHryvniain2021
