Ukraine
Ukraine central bank gets new audit committee
Refreshed oversight council gives blessing to new deputy governors and establishes new audit committee; daily FX benchmarks will now be effective immediately
National Bank of Ukraine heads for IT regime following clear-out of senior staff
Ukraine central bank will institute an inflation-targeting regime, after the former governor was dismissed along with his deputy and two departmental directors
Crimea establishes its own central bank
Crimea, which voted yesterday to leave Ukraine to join the Russian Federation, has established a central bank to see it through a transitional period of independence
Ukraine wins EU rescue package as finance ministry threatens debt restructure
European institutions will come up with €11 billion over the next five years; European Commission proposes international donor co-ordination mechanism
Russia boosts forex firepower as ruble weakness shifts inflation risks to upside
The Bank of Russia has quadrupled the amount it will spend to keep the ruble steady; inflation expected to stay low but central bank is alive to upside risks
Russia hikes rates as Ukraine crisis brings financial volatility
The Bank of Russia raised rates by 150bp today in an emergency measure aimed at taming currency volatility; Ukraine brings in tighter forex controls
Ukraine calls on IMF help as NBU focuses on financial stability
New government asks IMF and other international lenders for a bail-out; interim president tells central bank staff they must restore public confidence in the banking system
Ukraine appoints revolutionary leader to head up central bank
Stepan Kubiv, deputy chairman of Ukraine parliament's banking and finance committee, will take over at the central bank having ‘administered' the protests that toppled the regime
Kyrgyzstan, Ukraine central banks play down currency fears
In the wake of Kazakhstan’s devaluation, the central banks in Kyrgyzstan and Ukraine are forced to issue public statements backing the value of their currencies
Ukraine caps cash use in bid to boost e-payments
National Bank of Ukraine hopes to deliver a wide range of benefits by imposing limits on the size of cash payments
Ukrainian deputy director says economy is ‘enjoying’ deflation
Oleksandr Arseniuk says ‘low inflation environment’ – with CPI at -0.2% in January – is benefiting the Ukrainian economy
Ukraine replaces central bank head with deputy
Igor Sorkin to take over from Serhiy Arbuzov at National Bank of Ukraine – says he will prioritise currency stability and cut interest rates
Ukraine issues US dollar bonds aimed at retail investors
Ukraine government is issuing US dollar-denominated bonds targeted at domestic retail investors, despite previous warning by central bank director about Ukrainians taking on forex risk
Ukraine selects new economic department director
National Bank of Ukraine picks central bank veteran to lead economic department; predecessor left after hitting retirement age
National Bank of Ukraine's Sergei Arbuzov on economic development
Sergei Arbuzov, governor of the National Bank of Ukraine, talks to Catherine Snowdon about past mistakes by the government and how the country is working to develop its economy
National Bank of Ukraine figures show end of deflationary period
Inflation figures show annualised CPI inflation rose from -0.3% in June to 0% in July; economic department deputy says figures are ‘close to optimal’
Ukrainians encouraged to hold savings in national currency
Director of National Bank of Ukraine’s Monetary Policy Department promotes hryvnia for savings purposes; tells public currency is sound and highlights uncertainty surrounding other currencies
Strict foreign exchange rules set to stay in Ukraine, says governor
Sergei Arbuzov explains why the National Bank of Ukraine keeps a tight rein on foreign exchange transactions; says temporary easing of rules for sporting tournament will not become permanent
Ukraine issues commemorative Euro 2012 coins
National Bank of Ukraine reveals commemorative coins dedicated to the European Football Championship 2012; first ever half-kilo gold coin forms part of the series
IMF appears to back Ukraine involvement in Vienna Initiative
European mission head at IMF said to offer support for National Bank of Ukraine participation in Vienna Initiative
Ukraine releases banking group identification regulation
New regulation brings Ukraine further into line with EU and Basel Committee principles; describes how banking groups come to be classified as such in the country
National Bank of Ukraine publishes Encyclopaedia of Banking
First in a set of books explaining the banking system in Ukraine is released; series forms part of the celebrations of the central bank’s 20th anniversary
National Bank of Ukraine appoints new head of payments systems
Natalia Syniavska takes on role overseeing all payments operations at the Ukrainian central bank
Ukraine picks central banker as finance minister: reports
First deputy governor Yurii Kolobov becomes finance minister; local media reports unconfirmed by official sources