Ukraine – Interest rates on UAH-denominated deposits not expected to fall until additional devaluation has occurred

Bankers interviewed by the news service Delo (Дело) expect that the high interest rates that currently prevail in Ukraine for deposits denominated in hryvnia (UAH) will not decline until the government allows the currency to devaluate further.

Source: Ставки по депозитам снизятся после девальвации гривны (2012-10-26)

Related: Ukraine to Allow Hryvnia to Drop 10% by Year-End, HSBC Says (2012-10-22)

Mark Pleas (contact)

Eastern Europe Banking & Deposits Consultant