No Bread And Circuses For You: Mish's Global Economic Trend Analysis: Ukraine Hikes Discount Rate from 6.5% to 9.5%, Overnight Rate to 14.5% to Halt Crash of Hryvnia

Thursday, April 17, 2014

Mish's Global Economic Trend Analysis: Ukraine Hikes Discount Rate from 6.5% to 9.5%, Overnight Rate to 14.5% to Halt Crash of Hryvnia

The Ukrainian Hryvnia has plunged six consecutive weeks to new record lows.

Since the beginning of the year, the Hryvnia has fallen from 8.26 to the US dollar, to 13.16 to the US dollar, a decline of 37.2%

On Monday, the Ukraine central bank pulled out the bazooka with a massive set of rate hikes.

Complete story at - Mish's Global Economic Trend Analysis: Ukraine Hikes Discount Rate from 6.5% to 9.5%, Overnight Rate to 14.5% to Halt Crash of Hryvnia

UAH 2014 04 15

UAH 2014 04 15

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