Who controls the rate of inflation and interest rates?
The National Bank of Ukraine, which is the central bank of Ukraine acts as the central body of the state administration, pursuing common state policy in money circulation, credit, strengthening of monetary unit, coordinating functioning of the banking system in general, determining exchange rate of the monetary unit against foreign currencies. The National Bank also sets up the order of determining a discount rate and other interest rates; it gives permission for commercial banks’ registration and licenses banking business; determines the standard of emergency funds for commercial banks and other financial and credit institutions http://www.bank.gov.ua/ENGL/NBU/index.htm • How much tax do people and businesses pay to the government in order for it to meet its expenditure? Individuals are subject to personal income tax in Ukraine. Non-residents are also taxed in Ukraine. The income tax rates range from 0% to 40%. Non-residents are subject to a fixed withholding tax of 20% on their incom
Related Questions
- When to Purchase U.S. Savings Bonds So if the interest rates on bonds are falling consistently and sometimes even lag behind the rate of inflation, why would anyone be concerned with purchasing them?
- How do you see the current financial year when there is talk of growth rate slowing down, inflation already at a very high level and there is talk of hardening of interest rates?
- Does the increasing inflation rate warrant an increase in interest rates, too, to protect real rates of interest?
