Tradeline Financials - Ukraine Raises Interest Rates - Week 10, 2015

March 4, 2015 - PRLog -- Tradeline Financials is an independent, diversified financial services firm catering to all types of investors. Our goal is to understand, anticipate and meet our clients' changing financial needs with the vast array of high-quality products and services at our disposal.

Tradeline Financials - Ukraine Raises Interest Rates - Week 10, 2015

Whilst in the midst of a tentative ceasefire which is barely holding the Ukrainian Central Bank has had to increase interest rates again for the second time in 2015.

Late February the bank increased rates from 14% to 19.5% in an attempt to battle the inflation and currency devaluing seen with the Hryvnia which has lost almost 80% since the crisis with Russia started a year ago.

This most recent increase see's the rate go from 19.5% to 30%.

As the bank battles inflation which is set to be 26% this year, it is waiting on answer from the International Monetary Fund as to whether it will receive the much needed $17.5bn in emergency funding.

As the tensions persist but the violence reduces it is a precarious time for the finance ministry as they look to deal with a failing economy which is expected to fall by 5.5% in 2015.

As Russia continues to squeeze for its reimbursement for the energy it has supplied and the situation appears to get no better it is hard to see where the Ukraine could raise funds if the IMF decides not to provide the emergency assistance.

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