National Bank of Ukraine

Dollar Broadly Higher as Investors Seek Clarity on Brexit Mess and U.S.-Sino Trade Talks

March 14, 2019

British MPs last night defeated a motion for allowing the U.K. to leave the EU without any Brexit deal by a vote of 321-278. Today’s vote will be a motion to extend the Article 50 deadline beyond March 29th. Prime Minister May aims to hold another vote within the week on her Brexit deal. A […] More

Short-Lived Fed Stockmarket Rally

January 31, 2019

The FOMC’s tightening pause gave a big boost to U.S. stocks yesterday and was augmented by some better-than-expected corporate earnings.  But the DOW fell in the first hour of U.S. trading, and share prices have also weakened today in Germany France, and Australia. This contrasts with gains close to 1% in China, Hong Kong and […] More

Many Central Bank Meetings and a Stunning Deceleration of U.S. Import Price Inflation

December 13, 2018

The dollar shows no net overnight change against the Swiss franc, Chinese yuan, New Zealand dollar, or Canadian dollar. The greenback rose 0.8% versus the Mexican peso, 0.4% relative to the yen, and 0.1% versus the euro while dipping 0.1% vis-a-vis the Australian dollar and sterling. Asian equities rallied, but share prices in Europe and […] More

Focus Turns to Central Banks

October 25, 2018

The dollar this Thursday is narrowly mixed with upticks of 0.2% against the yen and Swiss franc and of 0.1% versus the loonie but downticks of 0.3% vis-a-vis the Aussie dollar and peso, 0.1% relative to sterling, the euro, and kiwi. The yuan is steady. Japan’s Nikkei plunged 822 points or 3.7%. Share prices also […] More

National Bank of Ukraine

May 24, 2018

Ukraine’s policy interest rate was lifted four times within a half year: 100 basis points last October, December and March and by 15o bps in January. In a statement after keep the rate steady at 17.0%, the central bank board underlines that its belief that policy is now sufficiently tight to achieve the medium-term target […] More

National Bank of Ukraine Decides Policy Now Sufficiently Tight

April 12, 2018

From last October to the start of March, Ukraine’s policy interest rate was increased 450 basis points to 17.0% in just four incremental moves. That tightening abruptly reversed a prolonged easing stance, the last element of which was a 50-bp cut last May. The reason for this reversal was a rise of inflation to well […] More

National Bank of Ukraine

March 1, 2018

A fourth sharp central bank interest rate hike since late October was been engineered in Ukraine. It’s size like the one last October 26th and a second move in mid-December was by 100 basis points. The third hike of this cycle was by 150 basis points and came on January 25th. Ukraine’s policy interest rate […] More

National Bank of Ukraine

December 15, 2017

Ukraine’s central bank interest rate was raised by another full percentage point to 14.5% just seven weeks after an initial increase of 100 basis points. As in Mexico, inflation has been higher than assumed previously, and a number of price risks continue such as rising food prices, more fiscal deficit spending, some wage pressure, higher […] More

Trend Change in National Bank of Ukraine’s Policy Rate

October 26, 2017

Ukraine’s main central bank interest rate had been cut from 30% in August 2015 to 12.5% after a final cut made in May of this year, but officials at the latest policy review concluded that deterioration in actual inflation and price expectations now necessitated a full percentage point rate hike to 13.5%. CPI inflation was […] More

National Bank of Ukraine

September 14, 2017

From August 2015 through May of this year, a nine-step series of rate reductions slashed Ukraine’s policy interest rate from 30% to 12.5%. That level now lies below headline CPI inflation of 16.2%, which lately has crept higher. Core inflation also has climbed, but expected inflation has stayed pretty stable, helped by a firmer hryvnia. […] More