• 18/06/2024 16:57

The main thing for Thursday: The law on mobilization, whether it is necessary to get rid of the dollar and buy the euro and the ECB rate

The main thing for Thursday: The Law on Mobilization, is it necessary to get rid of the dollar and buy the euro and the ECB rate

Is it urgent to get rid of the dollar and buy the euro, and how will the ECB’s decision affect the exchange rate

< p>On April 11, the ECB will hold a meeting on monetary policy issues. The key question is: what to do with interest rates and when to start the cycle of rate cuts so as not to finally push the European economy into recession. What decision he can make, and how it, together with the NBU’s announcements on pegging the hryvnia to the euro, can affect the exchange rate in Ukraine, the Ministry of Finance found out.

The Rada adopted the law on mobilization

The Verkhovna Rada approved in the second reading and in general bill No. 10449 on mobilization. The parliament took into account 31 amendments from the relevant committee, as well as an amendment that removed the norm on demobilization from the document.

The main thing for Thursday: Law on mobilization, is it necessary to get rid of the dollar and buy the euro and the ECB rate

The ECB kept key interest rates at a record high

The European Central Bank (ECB) left all three key interest rates unchanged rates. The base rate on loans was left at 4.5%, the rate on deposits was at 4%, the rate on margin loans was 4.75%.

The NBU commented on the slowdown in inflation to a minimum since 2020.

In March 2024, consumer inflation in annualized terms (p/a) slowed to 3.2% from 4.3% in February. On a monthly basis, prices increased by 0.5%. Inflation turned out to be below the National Bank's forecast at 5%.

The main thing for Thursday: The Law on Mobilization, is it necessary to get rid of the dollar and buy the euro and the ECB rate

Inflation is below forecasts: why is this happening , and whether it will continue to decline further

In March 2024, the annual inflation rate dropped to 3.2% versus 4.3% in February. The NBU's forecasts did not come true: at the beginning of 2024, the NBU expected that by the end of the first quarter, inflation would accelerate to 5%. Bogdan Danylyshyn, head of the department at the Kyiv National Economic University named after Vadim Getman, explained why the price increase was lower than forecast.

minfin.com.ua

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