Ukraine - Money Market Rate

Ukraine: Money Market Rate

Mnemonic IRMM.IUKR
Unit % p.a., NSA
Adjustments Not Seasonally Adjusted
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

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.

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

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.



Further reading

At the source:

  • 2 Jan 2023, Phillip Thorne - Properties
  • 16 Jan 2023, Phillip Thorne - Further reading