NBU council head Petro Poroshenko-up meeting of the Board stated that the board recommended that the central bank reduced the discount rate, which now stands at 12% per annum. We do not point the board of National Bank, to what level you need to reduce the discount rate, - he said .- Key position - approach the refinancing rate, which is the price of money to the account.
According to him, the Ukrainian enterprises, even in a stabilized exchange rate are unable to provide competitive products with a high credit banks, and reducing rates would increase the demand for loans and increase the production of goods.
It is about promoting the export business. If a company has a robust export contracts, secure export financing, and can not get to the money due to certain restrictions in lending, we must ensure that companies that have guaranteed sales, efficient working conditions, - summed up Mr. Poroshenko. Now refinancing rate, according to market participants, is about 16.5%.
previously to reduce the discount rate to 5% through legislation proposed to Parliament deputy Vladislav Lukyanov (the Party of Regions faction). The last time the NBU discount rate increased from 10% to 12% 30 April 2008.
Senior
Kommersant sources in the NBU Board noted that this issue be discussed at the next Meeting, but did not see the need to reduce the discount rate, which is well below even the minimum projection of inflation. According to the NBU, provided that built over the last two months of positive momentum in the economy and prudent policy of Cabinet to increase social spending from the budget of annual inflation for 2009 could amount to 12-13%. At the end of May, annual inflation fell to 14.7% and for January-May was 7.4%, which is almost half that of last year (14,6%).
Monetary policy NBU help check inflation by keeping interest rates high for refinancing operations, - said the NBU, in its yesterday's analyst report. A source in the NBU Board stated that they could reduce by a few percent of the refinancing rate, which is secured on overnight loans account for 18% per annum on the blank - 20%.
bankers believe that the decline in rates will have a positive impact only in certain sectors of the economy. The price of money in the overall basket of resources does not change, because the refinancing is only a small fraction of the basket - said First Deputy Chairman of the Prominvest Vyacheslav Yutkin .- This is to lower the costs of lending to those sectors that receive compensation for interest rates at the expense of the budget. In doing so, the bankers called cheaper resources NBU positive signal to the market, which can stimulate the reduction of rates on deposits and loans in general.
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Kommersant: The National Bank has recommended to reduce the cost of credit
NBU council head Petro Poroshenko-up meeting of the Board stated that the board recommended that the central bank reduced the discount rate, which now stands at 12% per annum. We do not point the board of National Bank, to what level you need to reduce the discount rate, - he said .- Key position - approach the refinancing rate, which is the price of money to the account.
According to him, the Ukrainian enterprises, even in a stabilized exchange rate are unable to provide competitive products with a high credit banks, and reducing rates would increase the demand for loans and increase the production of goods.
It is about promoting the export business. If a company has a robust export contracts, secure export financing, and can not get to the money due to certain restrictions in lending, we must ensure that companies that have guaranteed sales, efficient working conditions, - summed up Mr. Poroshenko. Now refinancing rate, according to market participants, is about 16.5%.
previously to reduce the discount rate to 5% through legislation proposed to Parliament deputy Vladislav Lukyanov (the Party of Regions faction). The last time the NBU discount rate increased from 10% to 12% 30 April 2008.
Senior
Kommersant sources in the NBU Board noted that this issue be discussed at the next Meeting, but did not see the need to reduce the discount rate, which is well below even the minimum projection of inflation. According to the NBU, provided that built over the last two months of positive momentum in the economy and prudent policy of Cabinet to increase social spending from the budget of annual inflation for 2009 could amount to 12-13%. At the end of May, annual inflation fell to 14.7% and for January-May was 7.4%, which is almost half that of last year (14,6%).
Monetary policy NBU help check inflation by keeping interest rates high for refinancing operations, - said the NBU, in its yesterday's analyst report. A source in the NBU Board stated that they could reduce by a few percent of the refinancing rate, which is secured on overnight loans account for 18% per annum on the blank - 20%.
bankers believe that the decline in rates will have a positive impact only in certain sectors of the economy. The price of money in the overall basket of resources does not change, because the refinancing is only a small fraction of the basket - said First Deputy Chairman of the Prominvest Vyacheslav Yutkin .- This is to lower the costs of lending to those sectors that receive compensation for interest rates at the expense of the budget. In doing so, the bankers called cheaper resources NBU positive signal to the market, which can stimulate the reduction of rates on deposits and loans in general.
Ruslan Black
In Kiev will create a flat place on sotszhile
Energy consumption in 2008 increased due to China
Kiev city council wants to control the hotels and rental apartments
Expert: Plans for the BRIC countries invest the reserves in the IMF paper aimed to increase their influence
Increased investment in the infrastructure of China in January-May was a record for 5 years
Course dollar saved without changes - the morning review of cash markets
One of the biggest cities in the U.S. threatens bankruptcy
Oschadbank waiting for the promised refinancing
Credit mistrust