Gontareva: the political crisis in Ukraine threatens economic growth. Hryvnia continues to fall

The political crisis in Ukraine is a threat to economic growth in 2016, said the head of the national Bank of Ukraine Valeria Gontareva at the meeting with heads of 40 largest banks in the country on Tuesday.

The national Bank lowered the official rate to 25,94 UAH/USD

«Now, unfortunately, we see how the political crisis unfolds. It increases uncertainty in the financial markets, negatively affect relations of Ukraine with international partners and compromises economic growth in the current year. We very much hope that politicians will manage to resolve the crisis in the nearest future», — quotes the press service of the NBU Gontareva.

CB head reminded that, in particular, the NBU was forced to revise the forecasts of real GDP growth in 2016 from 2.4% to 1.1%. In addition, worsened the forecast of the balance of payments: instead of a balanced current account, as in 2015, it is projected that this deficit in the current year in the amount of $2.5 billion At the same time, the NBU left unchanged its inflation forecast for 2016.

«Our forecasts have not included the strengthening of political instability, so our expectations are realized only in the case of a stable political situation», — said Gontareva.

As previously stated the Minister of Finance Natalia Jaresko, the international monetary Fund in the event of a change of the government of Ukraine will take a break in the program of the eff and EFF will continue only through the willingness of new governments to honour the commitments made by their predecessors.

We will note, earlier the Cabinet has named a priority for 2016 the recovery of economic growth. The government has promised to intensify the process of economic reform, deepen cooperation with the European Union and to extend the work on protection of national commodity producers and exporters in foreign and domestic markets, as well as to address trade barriers, the promotion of Ukrainian exports and attracting investment.

The national Bank lowered the official rate to 25,94 UAH/USD

The national Bank of Ukraine on February 10, has weakened the official hryvnia exchange rate against the US dollar by 7 cents and was established on the level 25,94 hryvnia per dollar, a statement reads on the NBU website.

The official hryvnia exchange rate to Euro is 29,15.

On February 9, the NBU set the official exchange rate of the national currency to the dollar at the level of 25.87 hryvnia per dollar, strengthening the rate of four a penny.

In February of last year, the official hryvnia rate against the dollar set at the historical low of 30.01 per hryvnia per dollar. In recent times the official exchange rate of hryvnia weakened.

The Ministry of Finance laid in the state budget for 2016, the average hryvnia exchange rate of hryvnia to 24.1 per US dollar and at the end of the year to 24.4. The national Bank believes a realistic forecast of the hryvnia exchange rate to 24.1 hryvnia per dollar.




Gontareva: the political crisis in Ukraine threatens economic growth. Hryvnia continues to fall 10.02.2016

0
Февраль 10th, 2016 by
36 queries