Ukraine: highest interest rate in 15 years at 30%

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Reuters: Ukraine’s central bank to lift benchmark rate to 30 pct

Article published: Mar 3, 2015 – out of date: no longer suitable for your IB Economics commentary

IB Economics syllabus: Macroeconomics (inflation, monetary policies), International economics (exchange rates, IMF)

A great article about the unfortunate circumstances of Ukraine and how the Central Bank and the Govt’ combine efforts to respond to them (in the hope of an IMF loan).

Source of image: Wikipedia

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By EconDaddy IB Economics tutor|2022-01-13T12:14:57+00:00March 8th, 2015|International Economics, Macro|Comments Off

About the Author: EconDaddy IB Economics tutor

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 8 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.