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8.1.2 Deposits
Interest rates on deposits in the national currency are rising in Ukraine.
In June, after the NBU announced the possibility of lowering the key policy rate, rates on retail deposits of various maturities continued to grow. The weighted average rate on new consumer deposits in Hryvnia reached 14.2%, the NBU noted. Therefore, an improvement on the term structure for bank deposits continues for the second quarter. In the first six months of 2023, the volume growth of consumer deposits in Hryvnia was 23.3%, and their share in
56 UKRAINE Country Report September 2023 www.intellinews.com
