Gregory Williams, Senior Bank Reconcilliation Officer, Ministry of Transport and Mining, Kingston, Jamaica
Kotliarevskyi Oleh, Ph.D., Financial Controller, Guala Closures Ukraine LLC, Ukraine
This article proposes an algorithm for forecasting benchmark prices in the markets – price targets, an example of forecasting the average interest rate of BID on the interbank credit market of Ukraine for operations in the national currency for a period of 1 month. For the calculation, data for October-November 2015 and May-June 2016 were adopted, since during these periods a sharp and predictable change in this rate was observed. The results of calculations showed that the proposed approach to the forecast of interest rates on the interbank market should be used when forecasting price dynamics in other markets – benchmark prices.
Keywords: banks services pricing, pricing method, market – price reference point, combined method of pricing.
JEL Classification: G12, G13, G21.
Cite as: Williams, G., Kotliarevskyi, O. (2017). Forecasting the price dynamics in the markets − benchmark prices (using the example of the interbank credit market and the bond market). Financial Markets, Institutions and Risks, 1(2), 50-59. http://doi.org/10.21272/fmir.1(2).50-59.2017.
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