18:50 09.08.2018

Money supply in Ukraine 1.3% up in July

2 min read
Money supply in Ukraine 1.3% up in July

Money supply in Ukraine in July 2018 increased by 1.3%, to UAH 1.229 trillion, such preliminary data of monetary statistics are posted on the website of the National Bank of Ukraine (NBU).

According to the central bank, this dynamics is due to the growth in the balance of deposits by 1.7%, to UAH 881.579 billion, and the amount of cash in circulation outside banks by 0.8%, to UAH 346.654 billion.

In general, since early 2018 money supply has increased by 1.6%.

The NBU said the deposit portfolio of banks in the national currency in July rose by 1.5%, to UAH 515.475 billion, in foreign currency by 2%, to UAH 366.104 billion.

In general, since the beginning of the year the deposit portfolio of banks has increased by 0.6%, in particular, in the national currency by 5.1%. The deposit portfolio in foreign currency decreased by 5%.

The yield of deposit products in the national currency for business last month increased by 0.4 percentage points (p.p.), to 12% per annum, in foreign currency declined by 0.2 percentage points, to 1.9% per annum.

In general, in January-July 2018 the rate on hryvnia deposits for business increased by 3.3 percentage points, while on foreign currency deposits fell by 0.9 percentage points.

The interest rate on deposits for the population in July did not change either in the national currency or in foreign currency.

Since the beginning of this year, the rate on deposits for the population in the national currency has increased by 0.2 percentage points, to 10.7% per annum, while in foreign currency it decreased by 0.4 percentage points, to 2.3% per annum.

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