The profitability of consumer hryvnia deposits is falling due to a decrease in the discount rate. Since July 2023, the National Bank of Ukraine has reduced the discount rate twice in a row: from 25% to 22%, and then to 20%. Because of this, rates on hryvnia term deposits of individuals have begun ... #DepositsInterestRate #HryvniaDeposits #nbu #NBUinterestrate #OVDPselling
Looking ahead, the Bank forecasts: “After peaking in the fall of this year, inflation will begin to slow as the new harvest arrives and global energy prices adjust.” In the second half of 2022, inflation will slow to 5%, the Bank has p... #nbu #NBUinterestrate
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
According to a Reuters poll of analysts, the Central Bank is expected to raise its prime interest rate tomorrow in order to catch up with inflation, Of the 16 analysts, 10 foresee the rate rising to 7% from the current level of 6.5%. Three expect an increase to 7.5%. March inflation jumped to 8.5% yoy, which was fueled by food and energy price hik... #nbu #NBUinterestrate
