National Bank considers improper statements by the Ministry of Finance of the delay in preparing the state budget for 2010 because of nerazrabotki National Bank forecast the average annual exchange rate of hryvnia in 2010.
says the message NBU.
In international practice, there are no uniform standards regarding the responsibility for developing the forecast exchange rate for the budget … responsible for the development of macro-economic assumptions, including the exchange rate may be the Ministry of Finance (different) countries, - said .
NBU stressed thatin countries with floating exchange rate regime the central bank forecast a rate assumptions used in forecasting models, but such information is private, confidential.
In cases where such information is made public, it looks like the range of forecast values with varying degrees of probability.
An example of a fan charts Bank of the Czech Republic - the report says.
NBU emphasizes that under the regime of floating rate itself is not a target, but neither the central bank nor other government institutions do not assume the obligation to maintain its projected level.
In practice the powers of central banks to participate in the formulation of macroeconomic forecasts in the budget is limited, - the report says.
National Bank also notes that in conjunction with the Ministry of Finance, he adheres to generally accepted international practice and international standards.
Earlier the Ministry of Finance said the delay in preparing the state budget-2010 of the National Bank of nerazrabotki hryvnia rate prediction for next year.
As reported, Bankers attributed the continued evolution of rate hryvnia for Interbank to the actions of the National Bank.
Today, the quotations of securities of Russian companies will slowly drift, yielding a pressure of Bears, the bulls
Since August 23, 2009 will come into force on the second package of anti-monopoly laws
Vladimir Putin: Pattern of recovery of Sayano-Shushenskaya hydroelectric power station should be developed within 6 weeks
During the week from 14 to 20 August, electricity consumption in Russia fell by 10.1% over the same period of 2008
In the absence of new evidence restore the world economy, pressure on the stock indexes rising
Yesterday, a pair of Euro /dollar to the U.S. session, rose above the level of 1.4200 and reached 1.4273
Analyst: Next year, Ukraine could return to international capital markets
LUKOIL and RusGidro added more than 2%, while the shot yesterday, the paper Uralsvyazinform cheaper by 1%
Analysis of Futures and Options VTB
NBU considers incorrect statement of the Ministry of Finance to delay the state budget-2010 of the National Bank of nerazrabotki forecast hryvnia rate
National Bank considers improper statements by the Ministry of Finance of the delay in preparing the state budget for 2010 because of nerazrabotki National Bank forecast the average annual exchange rate of hryvnia in 2010.
says the message NBU.
In international practice, there are no uniform standards regarding the responsibility for developing the forecast exchange rate for the budget … responsible for the development of macro-economic assumptions, including the exchange rate may be the Ministry of Finance (different) countries, - said .
NBU stressed thatin countries with floating exchange rate regime the central bank forecast a rate assumptions used in forecasting models, but such information is private, confidential.
In cases where such information is made public, it looks like the range of forecast values with varying degrees of probability.
An example of a fan charts Bank of the Czech Republic - the report says.
NBU emphasizes that under the regime of floating rate itself is not a target, but neither the central bank nor other government institutions do not assume the obligation to maintain its projected level.
In practice the powers of central banks to participate in the formulation of macroeconomic forecasts in the budget is limited, - the report says.
National Bank also notes that in conjunction with the Ministry of Finance, he adheres to generally accepted international practice and international standards.
Earlier the Ministry of Finance said the delay in preparing the state budget-2010 of the National Bank of nerazrabotki hryvnia rate prediction for next year.
As reported, Bankers attributed the continued evolution of rate hryvnia for Interbank to the actions of the National Bank.
Today, the quotations of securities of Russian companies will slowly drift, yielding a pressure of Bears, the bulls
Since August 23, 2009 will come into force on the second package of anti-monopoly laws
Vladimir Putin: Pattern of recovery of Sayano-Shushenskaya hydroelectric power station should be developed within 6 weeks
During the week from 14 to 20 August, electricity consumption in Russia fell by 10.1% over the same period of 2008
In the absence of new evidence restore the world economy, pressure on the stock indexes rising
Yesterday, a pair of Euro /dollar to the U.S. session, rose above the level of 1.4200 and reached 1.4273
Analyst: Next year, Ukraine could return to international capital markets
LUKOIL and RusGidro added more than 2%, while the shot yesterday, the paper Uralsvyazinform cheaper by 1%
Analysis of Futures and Options VTB