Ukraine - Money Market Rate

Ukraine: Money Market Rate

Mnemonic	IRMM.IUKR
Unit	% p.a., NSA
Adjustments	Not Seasonally Adjusted
	Monthly
Data	Dec 2022	27
	Nov 2022	27

Series Information

Source	National Bank of Ukraine
Release	Central bank refinancing rate
Frequency	Monthly
Start Date	1/31/1998
End Date	12/31/2022

Ukraine: Markets

	Reference	Last	Previous	Units	Frequency
Average Long-term Government Bond	Dec 2022	20.84	20.72	% p.a., NSA	Monthly
Money Market Rate	Dec 2022	27	27	% p.a., NSA	Monthly
Treasury Bills (over 31 days)	Dec 2022	14.79	13.68	% p.a., NSA	Monthly
Lending Rate	Mar 2013	7.5	7.5	%	Monthly

Release Information

Description

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.

Properties

Measurement: Percent per annuam (% p.a.)
Adjustment: Not seasonally adjusted (NSA)
Native frequency: Monthly
Start date: 1998m1

Methodology

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.

Revisions

Potentially.

Notes

None.