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NBU to cut maturity of refinancing loans from 90 to 30 days from Oct 1
KYIV. Sept 9 (Interfax-Ukraine) – The National Bank of Ukraine (NBU) has said that from 1 October, the maturity of refinancing loans is reduced to 30 days from 90 days.
"To boost the efficiency of monetary transmission, the NBU also continued to normalize the design of its monetary policy. From 1 October, the maturity of refinancing loans is reduced to 30 days from 90 days," the press service of the central bank said on Thursday.
As reported, the NBU on June 17 announced the gradual curtailment of anti-crisis measures, in particular, long-term refinancing and interest rate swaps. The volume of long-term refinancing was limited from August to UAH 4 billion, from September to UAH 3 billion.
Since July 1, the NBU has reduced the terms of long-term refinancing loans from five to three years, and also limited their volume to UAH 5 billion.
