National Bank of Ukraine tied the refinancing rate to the discount rate. Relevant decree number 415 of the National Bank of 21 July 2009 (registration in the Ministry of Justice on August 10, 2009), which amends the Regulation on interest rate policy of the NBU. Ordinance promulgated on the website of the Verkhovna Rada.
The document stipulates that the rate on overnight loans without collateral (blank) provided by the National Bank and commercial banks, should not be lower than the discount rate, plus 5 percentage points, and for overnight loans on the security - not less than the discount rate NBU plus 3 percentage points. This indicates that the interest rate on overnight loans without collateral (blank) is the highest interest rate of the National Bank and placed on a tender basis.
rate on loans granted by banks to the NBU in the event of a real threat to the stability of their work, in the amount determined by the weighted average interest rate of refinancing, calculated over the last 30 days preceding the date of the decision on granting a loan.
Costprolonged credit is set at the interest rate specified in the loan agreement, plus one percentage point.
Ordinance registered at the Ministry of Justice Aug. 10, 2009 and shall come into force on 20 September 2009. It indicates that the document is accepted «with a view to enhancing the role of interest policy of the National Bank in managing monetary market».
As UNIAN reported earlier, the National Bank of Ukraine from 12 August reduced the discount rate from 11% to 10,25%.
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