National Bank of Ukraine

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

Third Cut of National Bank of Ukraine Easing Cycle, and Many More to Come

September 5, 2019

Ukraine’s central bank policy rate has been cut by 50 basis points to 16.5%. This follows similar-sized easings earlier this year in April and July. Since officials consider 8% to be the rate level that represents a neutral monetary stance and since officials believe that CPI inflation, which is now at 9.1%, will continue falling  […] More

Second Rate Reduction in Ukraine

July 18, 2019

The National Bank of Ukraine implemented the second move of an easing cycle, cutting its discount rate to 17.0% from 17.5%. A half percentage point cut had been also done in April. A released statement asserts that inflation of 9% is on track to keep falling toward the 5% target and should reach that goal […] More

A Quartet of Central Bank Rate Cuts and Netflix Stock Takes a Large Hit

July 18, 2019

Central bank rates were cut today in South Korea, Indonesia, South Africa, and Ukraine. The likelihood that the Fed will ease at the end of this month played a role in each of these actions. All of the reductions were 25-basis point moves. The share price of Netflix has tumbled 10.75% in response to an […] More

css.php