Two interesting statements on interest rates today. First, according to this news item, deposit interest rates are almost 'optimal'
" A trend has been preserved toward reduction of a drop in interest rates for private deposits over recent weeks, which testifies to nearing of their level to the optimal, First Deputy Chairman of Brockbusinessbank Natalia Syniavska has said."
The question here is optimal in what sense and for whom?
Second, Ukrainian banks want to make it illegal to withdraw term deposits prematurely
"Now in Ukraine, many banks due to competition offer high deposit rates to clients. Therefore, the higher are interest rates on deposits, the higher are the rates on credits that we have to introduce for clients," Lavrenchuk explains.
Not surprising, banks do not like competition...
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