Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

NBU keeps key policy rate at 6%

26.10.2020 16:35 "Agro Perspectiva" (Kyiv) The Board of the National Bank of Ukraine (NBU) has decided to leave its key policy rate unchanged at 6%, according to a posting on the website of the central bank on Thursday.

«The Board of the National Bank of Ukraine has decided to keep its key policy rate at 6% per annum. The sustained monetary policy easing is aimed at supporting economic recovery and bringing inflation to the target,» the NBU said.

The NBU said that in September, inflation remained below the target range of 5%+/-1 pp. Consumer inflation declined to 2.3% year-on-year on an increase in food supply.

«This has offset the opposite pressure on prices from other factors, such as the hryvnia depreciation, higher energy prices, and a recovery in economic activity and consumer demand,» the regulator said, adding that such balanced effect of mixed factors is temporary.

According to preliminary data of the NBU’s online monitoring of prices, inflation somewhat accelerated in October.

Although the hryvnia depreciation had a minor pass-through effect on prices, inflation expectations of businesses and households also continued to deteriorate. Moreover, the consumer sentiment index improved.

According to the report, with the high level of uncertainty, the NBU’s future monetary policy will mainly depend on how the pandemic develops and what budgetary parameters are adopted.

If the pick-up in domestic demand and business activity fails to persist due to an increase in the number of COVID-19 cases, the NBU will be able to support the economy by cutting its key policy rate further. Conversely, the NBU will also be prepared to raise the key policy rate in 2021 if inflationary pressures intensify.

«The NBU will continue to keep a balance between stimulating the economy and maintaining moderate inflation. The NBU’s decisions will also be largely guided by the established parameters of fiscal support for the economy. This support is also expected to be significant next year,» the bank said.

«-»

Agro Perspectiva

< Cargill invests to promote circular economy with its first multi waste- and residues-based biodiesel plant All news for
26.10.2020
KWS Group achieved an approximately 15% increase in net sales to 1.28 billion in fiscal 2019/2020 >

06.08.2022  
15:38 FAO Food Price Index registered a steep drop in July
03.08.2022  
15:55 BASF enters power agreements for clean energy supply of more than 20 BASF sites across the United States
13:22 FAO to boost soil nutrient mapping in Central America and sub-Saharan Africa $20 million contribution from U.S.A. will catalyze more efficient use of fertilizers
12:21 Europe and Central Asia: Promoting green agriculture to transform local agrifood systems
11:23 Ukraine: Canada contributes USD 40 million to cover 2.4 million tonnes of storage
29.07.2022  
16:55 South Africa Fresh Orange Production and Exports Climb Higher
26.07.2022  
11:28 BASF transforms market towards certified, sustainably sourced coconut oil
23.07.2022  
02:43 Black Sea grain exports deal a beacon of hope amid Ukraine war - Guterres
07.07.2022  
12:43 Russia illegally exports 150,000-170,000 tonnes of grain from Ukraine per month - Ukrainian Ambassador to Turkey
28.06.2022  
08:35 Export prices for milling wheat again fell slightly
27.06.2022  
09:50 No concrete agreements on holding talks with participation of Ukraine, Russia, Turkey, UN on grain export MFA
20.06.2022  
20:32 Coca-Cola to cease production and sales in Russia
14.06.2022  
16:27 Afghanistan: FAO and the World Bank step up their response to the worsening food security $195 million emergency project aims to provide critical life-saving and livelihood assistance to smallholder farmers
13:32 Ukraine calls on other countries to abandon export restrictions - trade representative
13.06.2022  
12:26 India bans wheat exports to ensure sufficient domestic food grain supply
03.06.2022  
10:28 Thailand Sugar Production and Exports Continue to Rebound
02.06.2022  
11:11 Global rapeseed supplies in 2022/23 are projected to a record 100.5 MMT
31.05.2022  
12:51 Global soybean production in 2022/23 is forecast at a record 394.7 MMT
24.05.2022  
09:05 Global soybean production in 2022/23 is forecast at a record 394.7 MMT
17.05.2022  
15:00 Ukraine rapeseed production is forecast to rise despite the ongoing hostilities
10:49 2021/22 Indonesia Palm Oil Exports Slashed
16.05.2022  
15:45 Astarta Completed Spring Planting 2022
15.05.2022  
16:37 2022/23 Grain Consumption Exceeds Production, Stocks Tighten
11.05.2022  
14:31 EBRD to play key role in support of Ukraine, President says
09.05.2022  
11:15 Vegetable oil and maize prices slightly decrease after recent surge, while rice, meat, dairy and sugar prices slightly increase and global trade prospects dim
29.04.2022  
14:03 BASF achieves strong EBIT before special items despite significantly higher energy and raw materials prices
28.04.2022  
17:52 EU takes steps to suspend all duties on imports from Ukraine
16:27 BASF to wind down activities in Russia and Belarus except for business that supports food production
27.04.2022  
13:54 EBRD enhances trade finance for Ukraine
09:11 Coca-Cola will provide assistance to Ukraine for up to $15 mln
26.04.2022  
20:35 Indonesia. Despite the expected increase in production, imports of raw sugar are also forecast to increase
19:43 Australia is expected to produce another big grain crop in MY 2022/23 after a record setting winter crop and strong summer crop production in MY 2021/22
21.04.2022  
10:15 The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity
16.04.2022  
16:25 WFP appeals for access to encircled cities in Ukraine
12.04.2022  
11:35 Global cereal trade and utilization in 2021/22 revised down
10:25 FAO Food Price Index posts significant leap in March
07.04.2022  
08:49 FAO launches new phase of agriculture policy initiative with $11 million grant from Bill and Melinda Gates Foundation
29.03.2022  
21:32 Astarta Starts Spring Planting
24.03.2022  
21:15 Pakistan. Wheat production in 2022/23 is forecast at 26.4 MMT
14.03.2022  
13:21 CNH Industrial Statement on Ukraine and Russia
10.03.2022  
11:10 Market Signals to Sell Soybean Stocks
09:05 2021/22 Grain Trade in Flux Amid Russia-Ukraine Conflict
07.03.2022  
12:40 FAO Food Price Index rises to record high in February
03.03.2022  
11:25 The Food Front is open: the food of Ukraine will provide citizens with products under any conditions!
11:21 Ukrainian CCI ask all international trade associations to cease cooperation with representatives of russian trade associations
23.02.2022  
14:05 Astarta Invests USD14.6m in the Construction of a Modern Sugar Storage Silo
16.02.2022  
13:18 Brazil. The drought in the south of the country has dampened prospects for a record crop
10.02.2022  
17:21 World Pulses Day leverages the power of youth to transform agrifood systems
17:17 Shrinking South America Soybean Production Constricts Trade and Boosts Prices
12:10 Astarta Builds its First Silo in the Chernihiv Region

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2022 © Agrarika, ltd.
tel.: +380 44 5934543; +380 44 5934540
e-mail: client@agroperspectiva.com