UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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CREDITMARKET INDEX - UKRAINIAN INDEX OF EFFECTIVE INTEREST RATES ON CONSUMER LOANS FOR INDIVIDUALS

According to the preliminary data, the two-months record was showing a positive net liquidity balance totaling USD 214 mln. in August 2011 (in July it was USD 108 mln.). It resulted in the international reserve volume increase to USD 38.2 bn., thus ensuring import financing within 4.6 months of the future period.

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Ukraine's current account deficit in July, according to preliminary data – is $574 million US (compared to $239 million US in July last year). This resulted from a slowdown of exports of goods even amidst a substantial reduction in imports of natural gas. During the first 7 months, the deficit extended to $3.3 billion US (in contrast to a surplus of $313 million US in the same period last year).

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In the first half of 2011, the growth in commodity imports in Ukraine amounted to 51.3% and exports went up by 42.7% from the same period last year. A faster growth in imports imposes high pressure on the Ukrainian national currency.

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