The main thing for Wednesday: a ban on Wise hryvnia transfers, deposit rates and an assessment of the stability of banks

The US recognized the risk of undermining the dominance of the dollar: what is actually happening

The sunset of the world domination of the dollar is a favorite topic of Kremlin propaganda. Therefore, the Russian mass media were happy to quote the statement of the US Treasury Secretary Janet Yellen about the impact of sanctions against the aggressor country on the world hegemony of the dollar, made by her in a CNN TV interview. The Ministry of Finance asked experts about this topic and collected their expectations regarding the change in the role of the dollar in calculations and savings.

Banks plan to raise deposit rates — NBU

The maturity of bank funding increased for the first time since the introduction of the survey in 2021, and this trend will continue in the next 12 months. At the same time, banks predict an increase in deposit rates. This is evidenced by the results of the quarterly survey of banks on funding conditions conducted by the NBU.

The Wise international system introduced a ban on Ukrainian hryvnia transfers

The international money transfer system Wise (formerly TransferWise) has suspended transfers to hryvnia accounts for all its clients. This was reported by the representative of the press service of this company at the request of the Ministry of Finance. He also reminded that earlier a ban on the issuance of new Wise cards was introduced for our citizens.

Large banks are cutting the yield on 3-month deposits

Already tomorrow, April 27, the NBU will announce its decision on the key rate. This is one of the main indicators that banks focus on when determining the profitability of deposits. How banks with a deposit portfolio of over UAH 2 billion change their offers and how much they pay their private clients is in the latest review of the Ministry of Finance.

The National Bank begins assessing the stability of the banking system in wartime conditions

The National Bank begins an assessment of the stability of banks and the banking system to determine the real state of the banking sector. The sustainability assessment will be carried out as of April 1, 2023 in three stages.

Source: Ministry of Finance

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