0
0
0Interest Rates Left at 22% in Ukraine
- New Europe Investor
- January 29, 2016
The Ukrainian central bank (NBU) has left interest rates in the country at 22%.
The bank said in its report that inflation in the county was running at 34.7% in the second half of last year compared to the same period of 2014. This compares to 43.3% in the first half of 2015.
In addition, the report said that lower domestic demand combined with high rates of interest have been key to the softening inflation, which they forecast to drop to 12% in 2016 and to 8% next year.
However, the bank has lowered its GDP growth predictions for 2016 to 1.1% from 2.4% in their last report, adding that it believed it shrank by 10.5% in 2015.
Ukraine is currently relying heavily on international lenders to stay afloat.
Related Articles
-
Polish Inflation Lowers to 2%
Polish Inflation Lowers to 2%
April 02, 2017Poland’s consumer index slowed from 2.2% year on year in February to 2%, the statistics ...
-
Ukrainian Foreign Reserves Increase as Economy Shows Signs of Strengthening
Ukrainian Foreign Reserves Increase as Economy Shows Signs of Strengthening
October 15, 2016Following the second review by the IMF in September, foreign reserves held by Ukraine have ...
-
Romanian GDP Passes Pre-Crisis Peak
Romanian GDP Passes Pre-Crisis Peak
August 16, 2016GDP figures from Romania showed an increased of 6% year on year in the second quarter of 2016. ...
-
Ukraine to Buy all Gas from EU if Gazprom Deal Fails
Ukraine to Buy all Gas from EU if Gazprom Deal Fails
July 18, 2016Whilst Ukraine’s national gas company Naftogaz, continues to negotiate with ...
-
Poroshenko: Ukraine Banking Situation Stable
Poroshenko: Ukraine Banking Situation Stable
June 14, 2016The Ukrainian banking system is stablising according to the president of Ukraine, Petro ...
