The National Bank of Ukraine announced on October 31 that it has maintained interest rates at 13%.
Bloomberg reported that the decision was in line according to analysts’ predictions and comes as Ukraine prepares for next week’s U.S. Presidential election.
The NBU stated that it was appropriate to be cautious, given that inflation hasn’t yet peaked and that pro-inflationary risk has even increased in the coming months.
The policymakers did not cut for the third month in a row, as part of their efforts to contain the annual inflation and maintain the stability of the local currency.
In a statement, the NBU stated that “In September, inflation increased to 8.6% on an annual basis, and continued to increase in October.”
The statement stated that the higher than expected inflation was due to a smaller harvest than expected, a weakening of the currency, and an increase in the cost of electricity and labour.
“The war continues. “There are still risks of further economic decline, mainly due to the loss in people, territory, and production facilities,” the report said.
The nature and duration of war will determine the speed at which the economy returns to normal.
Ukraine’s economy relies heavily on U.S. assistance, and the upcoming presidential election next week and the possibility that Donald Trump will return to the White House creates a lot of uncertainty.
The NBU stated that it intends to maintain rates at 13% through the summer of 2025.
The next meeting of the NBU Board to discuss monetary policy will be held on December 12, 2024.
Authorities said that the attack destroyed the entrance from the first to fifth floors of a nine-story building.
Ukraine’s Air Force reported that Russia launched at least fifty drones overnight. Of these, Ukrainian air defenses shot 17 down in various regions.
In a signed security agreement between Poland and Ukraine, the possibility of Warsaw shooting down Russian missiles headed toward Poland via Ukraine was outlined in June.
The global entrepreneur network Endeavor, based in New York, has opened its first Ukrainian office to show confidence in the country’s potential for business.
The Kyiv independent in June identified Mykola Senenko as raping an unidentified woman in Kherson Oblast, March 2022.
Written in full $2.5 decillion is $2,500,000,000,000,000,000,000,000,000,000,000,000.
It was a confidential information between Ukraine & the White House. How can we understand these messages? Volodymyr Zelensky, President of Ukraine, said this during a press conference with journalists from Nordic nations.
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Kyslytsya reported that the top officers of North Korea include two deputy chiefs: Colonel General Kim Yong Bok who oversees special operations, and Ri Chang-Ho, who is responsible for the Reconnaissance Directorate (North Korea’s spy agency), Kyslytsya stated.
The Russian forces have suffered 1,310 casualties in the last day alone.
During a Tbilisi press conference, President Salome Zourabichvili showed footage that purportedly showed ballot violations. “It’s not the president’s job to provide evidence which already exists in society.”
“…The Danish Model allows us to attract financing from our partners in Ukrainian defence production. “We are now producing almost 20 ‘Bohdana artillery units per month, and we have made great progress in other areas,” said President Volodymyr Zelensky.
The European Commission recently praised Ukraine for its progress on important reforms, such as those related to the judiciary system, rule of law and anti-corruption. However, it stressed that further reforms were still needed.
Following the suspension of operations at Arctic LNG 2, Russian LNG tankers have gathered off Russia’s east coast, indicating that Moscow has been unable to find buyers.
Serhii dobriak, the head of the Pokrovsk Military Administration, said: “Fortifications will be built in Pokrovsk and we have already entered the city. Certain areas of the town will be blocked so please leave those areas and don’t enter or leave the city.”
U.S. Secretary of Defense Lloyd Austin stated on October 30 that “the evidence now suggests that North Korea sent about 10,000 soldiers for training in eastern Russia.” “Some of these DPRK soldiers have already moved closer towards Ukraine, and we see them outfitted in Russian uniforms and equipped with Russian equipment.”
According to U.K. finance minister Rachel Reeves, London will provide guaranteed support for Ukraine in the amount of PS3 billion ($3.8billion) per year.
Brussels expects Ukraine’s broadcasters to return their work to the format of the pre-war period, and questions the telethon’s objectivity.
The European Commission cited recent legislative amendments affecting the election process. It also cited frequent compromises made on the secrecy of votes, procedural inconsistencies and intimidation. These have all negatively affected public trust in the electoral process.
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