Ukraine
Ukrainian central bank faces ‘difficult balancing act’
Ukraine’s central bank has boosted its foreign exchange reserves but faces high inflation and unemployment, a ‘weaker-than-expected’ recovery and possible currency pressure
Ukrainian governor: banking system 'largely cleaned up'
Ukraine’s central bank governor says the country’s commercial banking system has been largely reformed; enhancing creditors’ rights key to resumption of lending, she argues
People: Ukraine names new first deputy governor; EBA announces host of appointments
Ukrainian deputy governor promoted to first deputy governor role; EBA makes appointments and reappointments to supervisory and management boards; and more
IMF expands lending rules around countries in arrears
Fund announces new approach to lending to countries in arrears with official creditors, moving away from focus on Paris Club agreements
Sveriges Riksbank strikes $500 million swap deal with National Bank of Ukraine
Sweden’s central bank could sell up to $500 million over the next six months under the agreement, despite one deputy governor objecting to its acceptance of the responsibility
Ukrainian governor declares victory in banking sector clean-up
Valeriia Gontareva says 54 banks were put into resolution as part of the National Bank of Ukraine’s efforts to put banks on a sounder footing
Ukraine central bank awaits wider regulatory powers
Ukraine’s central bank has achieved significant reforms of the banking sector, but needs a draft law to pass to gain the power necessary to regulate the non-bank sector, World Bank analyst says
Ukraine strikes debt restructuring deal with main creditors
Agreement would see creditors accept 20% nominal haircut on $18bn worth of debt; finance minister and IMF head hail agreement and stress need for support among bondholders
People: Chicago appoints first vice-president, Ukraine adds deputy to deposit fund
Chicago Fed announces Ellen Bromagen as first vice-president and COO; changes at Ukraine’s deposit guarantee fund result in appointment of new deputy managing director; and more
Ukraine central bank donates armoured cars to military
National Bank of Ukraine hands 90 vehicles to military, more than half of which are armoured cars previously used to transport cash, as part of project to dispose of ‘non-core assets’
People: Dallas Fed names interim president; Ukraine adds deputy governor
Helen Holcomb holds the fort at Dallas Fed after Richard Fisher retires; National Bank of Ukraine appoints another acting deputy governor; Cleveland Fed names new research head; and more
Key rate hiked to 30% in Ukraine to stop currency slump
Ukraine’s central bank hikes interest rate to its highest level in 15 years, as part of a set of measures to combat the slump in the currency and battle inflation
Hryvnia back from brink despite central bank U-turn
Central bank manages to stem Ukrainian currency’s free-fall despite adding to market chaos with volte-face on foreign exchange controls; two failed banks enter liquidation
Ukraine unveils nine-member MPC
Central bank reveals composition and meeting schedule of new monetary policy committee, a body created to help ‘streamline’ the decision-making process
Ukrainian hryvnia drops 30% after central bank action
Currency in freefall after National Bank of Ukraine scraps subsidised forex auctions and simultaneously increases its key discount rate by 550bp
National Bank of Ukraine to overhaul payments system
National Bank of Ukraine is upgrading its payments system with a view to widening its use; it is also exploring the use of mobile applications in making payments
Ukraine gets new deputy in leadership reshuffle
Vladyslav Rashkovan promoted to acting deputy governor after just seven months at the central bank; board membership expanded to include head of personnel
National Bank of Ukraine warns of FX trade restrictions
Ukraine's central bank has been forced to intervene to smooth currency volatility, and warns ‘administrative measures' may follow; rules on reserves have been relaxed, however
Bank of Russia ready to act to cushion bank sanctions blow
US and EU sanctions are aimed at state-owned banks and could cover central bank-owned Sberbank - but sanctioning the Bank of Russia itself remains unthinkable
Ukraine parliament appoints new central bank governor
Ukraine central bank governor Stepan Kubiv replaced with investment banker Valeria Gontareva after parliament approves presidential bill
Ukraine president moves to replace central bank chief
Newly elected president of Ukraine puts bill before parliament to replace central bank governor Stepan Kubiv with investment banker Valeria Gontareva
IMF $17 billion rescue package will see Ukraine head towards IT regime
Ukraine's central bank will, with IMF help, transition to an inflation targeting regime in mid-2015 as part of a $17 billion rescue package agreed last night
Ukraine central bank says currency can be stabilised without interventions
The National Bank of Ukraine does not for now see the need to intervene in currency markets to stabilise the exchange rate; new deputy governor appointed
Ukraine hikes rates as fears grow of spiralling inflation
Ukraine is implementing economic reforms in order to win the favour of international donors, but the weakening currency risks sending inflation out of control