Ukraine Central Bank to Ease Currency Peg, Moving Toward More Flexible Exchange Rate

Ukraine's central bank to ease fixed currency peg from Tuesday, moving to a more flexible exchange rate.
Change comes as economy shows signs of recovery - inflation slowing, business sentiment up.
Central bank had pegged currency during war with Russia, but now sees greater financial stability.
Move aimed to help economy and businesses by having a more competitive exchange rate.
Central bank plans further easing of restrictions as economic conditions allow.

reuters.com

Relevant topic timeline:

9/15/2023

Russian Central Bank Hikes Key Rate to 13% to Fight Inflation and Support Rouble

The Russian central bank has raised its key interest rate to 13% in response to inflationary pressures and a weak rouble, and warns that rates will remain high for a considerable period of time, with further rate increases possible in the future.

9/19/2023

Central European currencies stabilize after sharp falls as markets eye Fed policy meeting

Central Europe's currencies are settling into a softer range as monetary easing in the region begins and attention shifts to the upcoming US rate decision.

9/21/2023

Turkish Central Bank Hikes Interest Rates to 30% to Fight Soaring Inflation

The Turkish central bank has increased interest rates by five points to 30% in an effort to combat soaring inflation, which is above expectations, and the bank suggests that more rate hikes are likely in the future.

10/27/2023

Russian Central Bank Hikes Key Interest Rate to 15% to Fight Inflation and Weak Ruble

The Bank of Russia raised interest rates by 200 basis points to 15% due to a weak rouble, high inflation, and increased government spending, including the defense sector and military operations in Ukraine.

10/27/2023

Russia Raises Interest Rates to 15% to Fight Inflation and Support Rouble

Russia's central bank raises key interest rate to 15% in an attempt to combat inflation and support the struggling rouble amidst the country's invasion of Ukraine and increased government spending on military resources.

10/27/2023

Russia Raises Key Interest Rate to 15% to Fight Inflation Fueled by War Spending

Russia's Central Bank has raised its key interest rate to 15% in an effort to bring down high inflation caused by increased government spending, particularly on the war in Ukraine, which has led to rising domestic demand that outpaces production capabilities.

Topics

Posted 10/2/2023, 5:17:00 PM

Ukraine Central Bank to Ease Currency Peg, Moving Toward More Flexible Exchange Rate

Ukraine's central bank to ease fixed currency peg from Tuesday, moving to a more flexible exchange rate.
Change comes as economy shows signs of recovery - inflation slowing, business sentiment up.
Central bank had pegged currency during war with Russia, but now sees greater financial stability.
Move aimed to help economy and businesses by having a more competitive exchange rate.
Central bank plans further easing of restrictions as economic conditions allow.

reuters.com

Relevant topic timeline:

9/15/2023

Russian Central Bank Hikes Key Rate to 13% to Fight Inflation and Support Rouble

9/19/2023

Central European currencies stabilize after sharp falls as markets eye Fed policy meeting

Central Europe's currencies are settling into a softer range as monetary easing in the region begins and attention shifts to the upcoming US rate decision.

9/21/2023

Turkish Central Bank Hikes Interest Rates to 30% to Fight Soaring Inflation

10/27/2023

Russian Central Bank Hikes Key Interest Rate to 15% to Fight Inflation and Weak Ruble

10/27/2023

Russia Raises Interest Rates to 15% to Fight Inflation and Support Rouble

10/27/2023

Russia Raises Key Interest Rate to 15% to Fight Inflation Fueled by War Spending