Ukraine Keeps Key Interest Rate Unchanged at 13% The National Bank of Ukraine (NBU) maintained its key policy rate at 13% in October 2024, holding steady for a third consecutive meeting amid persistent inflation and economic strain from Russia's ongoing war. Inflation climbed to 8.6% year-on...
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Business National Bank of Ukraine raises interest rates Emerging Europe Staff The National Bank of Ukraine (NBU) increased its key interest rate by 0.5 basis points to 18 per cent on September 6, in order to ensure that inflation – in... Read More ...
Russia's central bank has raised its key interest rate from 9.5% to 20% in an attempt to shore up the rouble after it plunged to a record low. The currency plummeted after Western nations imposed new sanctions on the country for its invasion of Ukraine. The rouble ...
There is a lot of liquidity in the system, and given the fact that Ukraine has a 20% real wage growth year-on-year "it's not surprising that inflation is moving up as well," Lessard said. "And the NBU has a price stability mandate, so they can't just continue on with the plan ...
Turkey's gross foreign exchange reserves dropped to 67.7 billion dollars from a peak of 87.9 billion dollars in November of 2021, the central bank showed. Since the end of last year, Turkey has been undergoing economic woes unseen in decades. The ongoing Russia-Ukraine conflict is worsening the...
Due to the crisis in Ukraine, "the cost of fertilizers, grains and fuels has increased significantly, which has put additional pressure on demand-pull inflation on the cost side and on the supply side," Saens said. In Chile, the rise in the price of the dollar translates into an increase...
t asIran,Chinaand Russia are for the next crypto bull run. Alarm continues to grow around this looming, preventable global recession, due to rapid interest rate hikes. An interest rate reversal can only happen once Ukraine is fully liberated and the current Russian regime defenestrated. ...
LONDON (ICIS)–The Bank of England (BoE) on Thursday cut its key interest rate for the second time this year, instituting a 25 basis point fall as inflation continues below target. The bank cut its core interest rate to 4.75% in the w...
This suggests one of two things: Interest rates don’t necessarily fall during recessions, or we are not actually in a recession. In many ways, we are in uncharted territory. The current situation was created from a combination of COVID-19, the war in Ukraine, the energy shock, and years...