“Trade confrontation on the world stage in April has not yet affected the economy and the foreign exchange market of Ukraine. This was reported by the NBU Monetary Policy Committee. The KMP member has supported the decision to leave the discount rate at the level of 15.5%. At the same time, the National Bank noted that the situation in the foreign exchange market has improved due to the intensification of external assistance. According to March, Ukraine’s international reserves have increased to”, – WRITE ON: ua.news
Trade confrontation on the world stage in April has not yet affected the economy and the foreign exchange market of Ukraine.
The NBU Monetary Policy Committee reports.
The members of the CMP supported the decision to leave the discount rate at the level of 15.5%. At the same time, the National Bank noted that the situation in the foreign exchange market has improved due to the intensification of external assistance. According to March, Ukraine’s international reserves increased to $ 42.4 billion.
Ukraine will be expected to receive record external funding this year – about $ 55 billion, mainly thanks to ERA Loans. This will allow the NBU to maintain the stability of the foreign exchange market, to compensate for the deficit of currency in the private sector and to smooth out fluctuations in the exchange rate.
Regarding trade wars, the introduction of 10% of the US duty on a number of goods is still a limited impact on Ukraine – exports to the United States are only 2.2% of the total. The NBU also notes that Ukrainian products, including metallurgy, retain competitiveness in the US market.
The indirect consequences of trade wars can be manifested due to the weakening of world demand, but this has not happened at this time. Moreover, the fall in oil prices creates additional conditions for reducing inflation in Ukraine.
We used to write that withAnd the last week – from April 21 to 25 – National Bank of Ukraine significantly increased Sales volumes currencies in the interbank market.
Also we will remind that in 2025 in Ukraine It is expected to be significant Increase in cigarette prices due to a sharp increase in excise tax rates and new fiscal norms.
