ICU - Weekly Insight -- NBU reserves down 4% in February

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ICU

Research Team

Weekly Insight -- NBU reserves down 4% in February

NBU gross international reserves decreased 3.8% in February and 8.5% YTD to US$37.1bn as inflow of foreign financial aid remains insignificant.

The decline in reserves was driven by NBU sale interventions in the FX market that totalled net US$1.5bn in February. Also, Ukraine repaid nearly US$0.7bn of principal and interest to IFIs. Meanwhile, the government received US$0.8bn in grants from Japan and Norway, which replenished NBU reserves. Net FX borrowings in the domestic market were negative at US$0.3bn.

11/03/2024 8 EN

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Weekly Insight -- NBU reserves down 4% in February

Bond Market Insight -- Reduction of UAH bond rates resumes

Weekly Insight -- NBU continues rate-cutting cycle

Bond Market Insight -- Bond market waits for NBU to cut rates

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