Ukraine is applying for $1.3B in emergency aid from IMF. On September 30, the Board of Executive Directors of the IMF approved the expansion of anti-crisis financing instruments, which will enable Ukraine to apply for a new tranche of aid within the scope o... #IMFaidforUkraine #KyryloShevchenko
The hryvnia’s purchasing power will drop by at least half. According to the head of the National Bank, Kyrylo Shevchenko, even the current 22.2% consumer inflation per year is a significant reduction, by almost a quarter, of the real disposable income of citi... #hryvniadevaluation #InflationinUkraine #KyryloShevchenko
The National Bank of Ukraine raises the key policy rate to 25%. The National Bank decided to increase the rate from 10% to 25%, stated NBU Chairman Kyrylo Shevchenko. He stressed that such an increase in the discount rate is to protect hryvnia income and savings. ... #bankingduringwar #KeyPolicyRate #KyryloShevchenko #nbu #UkraineRateIncrease
The NBU expects inflation of 17% in May and might increase bond rates. The National Bank expects prices to rise by 17% year on year in May and considers it necessary to raise interest rates on government bonds, said the head of the NBU, Kyrylo Shevchenko, on ZN.UA. He n... #KyryloShevchenko #nbu #UkraineInflation2022
The NBU might return to Ukraine’s floating currency exchange rate. The National Bank of Ukraine is considering the return to the floating exchange rate to increase stability in the foreign exchange market, said the head of NBU, Kyrylo Shevchenko. Since the war, the N... #currencyexchange #KyryloShevchenko #nbu
Ukraine’s international reserves fell by another $1.5B. However, thanks to international assistance, the NBU will be able to maintain reserves at the proper level. “As of the beginning of May, the reserves, according to operational data, amounted to ... #BankingUkraine #KyryloShevchenko #nbu #UkraineReserves
Inflation in Ukraine may exceed 20%. In April, inflation in Ukraine was 15.9%, and by the end of the year, it may exceed 20%, wrote the head of the National Bank, Kyrylo Shevchenko, for NV.ua. “This is a significant level of price... #Inflation #KyryloShevchenko #nbu #UkraineEconomy #UkraineInflation
The Prime Minister of Ukraine, along with a delegation, will visit Washington. The visit is scheduled for next week. The visit will take place during the spring meetings of the International Monetary Fund and the World Bank. Denys Shmyhal, Finance Minister Serhiy Marchenko, and... #DenysShmyhal #KyryloShevchenko #SerhiyMarchenko
The total international support of Ukraine exceeds $15B. “Ukraine’s public finance system is running smoothly, thanks in large part to more than $15B in funding for defense capabilities and support for Ukraine’s economy and humanitarian issues f... #KyryloShevchenko #nbu #SupportforUkraine #Ukrainewar
According to the Chairman of NBU, Kyrylo Shevchenko, the key risks for the Ukrainian economy, are a significant increase in quarantine and a larger than expected inflation surge. The growing incidence of Covid, and the low level of vaccination threaten Ukraine with a severe lockdown. Economic ... #KeyRisksforUkraine #KyryloShevchenko #nbu
The head of the National Bank of Ukraine to be replaced. President Volodymyr Zelensky wants to dismiss the head of the NBU, Kyryl Shevchenko. Andriy Yermak, who is the head of the President’s Office is looking for candidates to replace him. The upcomi... #KyryloShevchenko #nbu
NBU and the World Bank Framework Program of Cooperation for 2022–2025 have been discussed by Kyrylo Shevchenko and the World Bank Vice President, Anna Bjerde. During the meetings they have identified areas in which the World Bank can support reforms to the Ukrainian eco... #KyryloShevchenko #nbu #worldbank
Politics also may have influenced the interest rate hike. In one year on the job, Kyrylo Shevchenko, the Governor of the National Bank of Ukraine, has presided over the departure of one third of top officials at the bank. On Tuesday, the Financial Times repo... #KyryloShevchenko #nbu #NBUinterestrate
