Ukraine: Prime Minister forecasts the interest rates fall
On April 4, 2014, Arseniy Yatsenyuk, Prime Minister of Ukraine, declared that the possibility to decrease bank interest rates in Ukraine will appear after provision of the credit package from the international creditors.
The Head of the Government stated there will be held the meeting with the National Bank and other large-scale banks. The mechanism of credit renewal is developed. A.Yatsenyuk added that there is a hope that after the negotiations with the IMF, in a month there will be a tool to use it for receiving additional credit resources on the lower interest rate compared with the current index.
According to the Prime Minister, as of to date the bank interest rates are rather high, due to high inflation expectations, unstable market in Ukraine and absence of the real investments inflow.
A.Yatsenyuk added that if Ukraine receives the financing support, there will be some opportunity to stabilize the currency exchange rate, create stability pile from the one side. But from the other side, it will attract additional private investors with money. And from the third side, it will give the possibility to change the interest rate.
You should be authorized to post comment
Ukraine: in January-November, the sea ports increased vegetable oils shipments - Ukrainian Sea Ports Authority
Ukraine: sunflower oil production to reach 5.5 mln tonnes -T.Kutovyi
Ukraine: in January-November, the sea ports increased grain cargoes shipments - Ukrainian Sea Ports Authority
Ukraine: Ministry of Agrarian Policy estimated the grain harvest at 64.2 mln tonnes
Ukraine harvested over 63 mln tonnes of grains - Ministry of Agrarian Policy
December 2, 17:00
Ukraine: effect of additional trade preferences for product exports to the EU to reach 100-150 mln USD - Ministry of Economic Development
December 2, 13:35