National Bank of Ukraine

Central Banks of Turkey, Ukraine, and Israel Review Monetary Policies

October 22, 2020

Instead of a follow-through measure after last month’s two percentage point rate hike, officials at the Central Bank of Turkey surprised analysts by keeping their one-week repo rate unchanged at 10.25%. Many had been expected the rate to return to its end-2019 level of 12%. The rate initially this year had been slashed by 75 […] More

Upward Bounce in the Dollar

September 3, 2020

Dollar advances today amount to 0.6% against the Australian dollar and sterling, 0.5% versus the Canadian and New Zealand dollars, and 0.3% relative to the yen and euro. A new high in the dollar was touched against Turkey’s lira after investors learned that Turkish reserves have drained to a 15-year low. The Russian ruble is […] More

Continuing Dichotomy Between Equities and Covid Spread

July 23, 2020

In the past 24 hours, the number of identified Covid-19 infections soared by 284,408 worldwide and 10,738 in the United States, and the number of associated deaths totaled 72,575 and 1,234. All four changes were greater than in the previous 24-hour period. Japanese markets are closed today and tomorrow for Marine Day and Sports Day, […] More

National Bank of Ukraine’s Policy Interest Rate Slashed Another 200 Basis points

June 11, 2020

Ukraine’s central bank rate becomes 6.0%, a record low and down from 12.5% at end-2019 and 18.0% prior to April 2019. Officials also narrowed the overnight rate corridor to 200 basis points in width (5-7%). A released statement concedes that sub-target inflation and the length of time that consumption and business investment seem likely to […] More

Rate Cut to 8% from 10% at National Bank of Ukraine

April 23, 2020

The National Bank of Ukraine slashed its policy interest rate by four times the expected amount to 8.0% from 10%, bringing the total reduction from  the three cuts this year to 450 basis points. The rate, which had crested at 18.0% from September 2018 to April 2019, is now at its lowest since March 2014. […] More

National Bank of Ukraine Cuts Key Interest Rate from 11% to 10.0%

March 12, 2020

For the seventh straight scheduled policy meeting, Ukraine’s key central bank policy rate has been cut. This string of reductions began eleven months ago from a high of 18%, and today’s was the second move of 2020 following a reduction of 150 basis points done at the end of January. A statement released by the […] More

Central Bank Rate Cuts in Ukraine and Sri Lanka

January 30, 2020

The National Bank of Ukraine statement stresses a strengthening currency and inflation that has dropped sharply and is now expected to hover below the 4-6% target band until late this year. The rate was cut 150 basis points to 11.0% today and previously had been reduced by 50 bps each in April, July and September […] More

Coronavirus Outbreak Tops Busy List of Developments for Markets to Process

January 30, 2020

Several central banks held their first policy reviews of 2020. Those in Chile and Great Britain left their interest rate structures unchanged at 1.75% and 0.75%, respectively. The National Bank of Ukraine implemented its sixth rate cut in nine months, a 150-basis point reduction to 11.0%. The Central Bank of Sri Lanka engineered its third […] More

National Bank of Ukraine

December 12, 2019

Monetary officials at the National Bank of Ukraine implemented their fifth interest rate cut since April, accelerating the size of the reduction to 200 basis points after cuts of 100 bps in October and 50 bps each in September, July and April. The rate now falls to 13.5%. Inflation in Ukraine at 5.1% has fallen […] More

Central Banks, Economic Data Surprises, and British Voters in the News This Thursday

December 12, 2019

Polls in Britain’s parliamentary election today will close at 22:00 GMT 17:00 EST. The fate of Brexit is at stake. U.S. producer prices stayed unchanged in November, defying expectations of an increase and leaving the 12-month  increase at 1.1%. An even bigger surprise was a leap in new jobless insurance claims last week to 252k, […] More

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