Money supply in Ukraine in July 2017 grew by 1%, to UAH 1.115 trillion, the National Bank of Ukraine (NBU) has reported.

The central bank said that the pace is linked to the increase in off-bank cash by 1.3%, to UAH 311.639 billion and deposits in the national currency – by 0.9%, to UAH 802.786 billion.

The deposit portfolio in the foreign currency in July expanded 1.4%, to UAH 353.004 billion.

Corporate credits issued in hryvnias cheapened in July: credit rate fell by 0.8 percentage points and by 3.8 p.p. since early 2017, to 13% per annum.

Deposit rates in the national currency for business fell by 0.2 p.p. and by 2.9 p.p. since early 2017, to 8%.

Credit rates in the national currency for the public in July fell by 1.1 p.p. and by 2.1 p.p. since early 2017, to 28.8%.

Deposit rate in the national currency for the public declined by 0.1 p.p. and by 3.4 p.p. since early 2017, to 12.2% per annum.

Monetary base in July narrowed 0.6%, to UAH 379.553 billion. Since early 2017 it fell by 0.5%.

Net forex reserves fell by 5.8% in July, to $4.928 billion. Debts of banks for refinancing credits fell by 1.4%, to UAH 64.496 billion. Since early 2017, net forex reserves grew by 16.7%, while the debt narrowed by 13.7%.