The Ministry of Finance cut the rate of three-year dollar OVDPs

17 May 2017, 13:56 | Economy
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At the same time, at the previous auctions, which took place on December 20, the same dollar 22-24 monthly securities for 109.7 million dollars were bought at 6.35-6.4% per annum.

As the press service of the Ministry of Finance informs, only 27 bids were submitted for the last auction at rates ranging from 5.4% to 6% per annum, of which 23.

At two other auctions for the sale of 6 and 12-month hryvnia securities that took place after the three-week break associated with the holidays, the sales volume amounted to 1 billion 428.44 million hryvnia.

The cut-off rates were slightly reduced: 6-month securities to 14.2%, annual - to 14.5%, and the weighted average yield dropped even more significantly, respectively to 14.03% and 14.44% per annum.

Accordingly, 5 and 10 applications were submitted for auctions for 480 million UAH and 925.5 million UAH at face value, and all of them were satisfied.



Recall, as reported URA-Inform, the National Bank on April 13, 2017 decided to reduce the discount rate from 14% to 13%. The decision on the discount rate was fixed by the decision of the board of the regulator №232. The regulator clarified its decision by the fact that the situation on the foreign exchange market helped to reduce pressure on prices. As a result, the NBU predicts that inflation in 2017-2019 will be within the target benchmarks (8% +/- 2 p. In 2017, 6 +/- 2 p. In 2018 and 5 +/- 1 in 2019). The forecast for inflation for 2017 remains 9.1% and 6% for 2018.




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