|Unit||% p.a., NSA|
|Adjustments||Not Seasonally Adjusted|
For Ukraine, the refinancing rate is the interest rate established by the National Bank of Ukraine (NBU) on refinancing credits during the amount tender or interest rate tender, depending on the bid prices for the funds of the NBU asked by banks. The refinancing rate is estimated on the basis of the discount rate and depending on the term and type of refinancing and cannot be lower than the discount rate. The reported rate is a weighted average over all instruments.
The method of calculating average weighted interest rates for a given reference period is to use contracted interest rates (that is, price data), using the loan (deposit) amounts as weights. The weights are determined by dividing the outstanding value of each loan (type of deposit) at the end of the period by the outstanding value of all loans (deposits) at the end of the period. Two steps are involved: (1) multiply each weight (which can be derived for each loan separately or for a group of loans with the same contracted interest rate) by the contracted rate for each loan (or group of loans), and (2) sum the results to get the overall weighted interest rate.
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