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: costs for agricultural commodities production grew by 6.2% - State Statistics Service
Ukraine: in 2014/15 MY flour exports may grow by 42-55%
As of July 24, Ukraine harvested 22.2 mln tonnes of grains and oilseeds – State Agricultural Inspection
As of July 28, Ukraine harvested over 23.6 mln tonnes of grains - Ministry of Agrarian Policy
Ukraine: in the fourth week of July, the sea ports increased grain exports
Main Ukrainian exporters increase grain supplies to the EU countries
As of July 24, Ukraine harvested over 20.5 mln tonnes of grains - Ministry of Agrarian Policy
July 25, 16:40