NBU revealed the particulars of its future policy on the financial market
This is stated in the NBU report on the introduction of measures of protection, which was published on the official portal of the state regulator.
The document says that current protection measures in the foreign exchange market are relevant for maintaining macroeconomic and financial stability.
The NBU also noted that the regulator in the future will continue the gradual liberalization of the currency market launched in 2016 after the stabilization of the financial system and the return of Ukraine’s economy to growth, therefore, may soon be abolished all restrictions on the foreign exchange market
It should be noted that the current restrictions were introduced until 2016 in order to restore the economic development of Ukraine. The consequence of these restrictions is the growth of GDP over the next two years.
At the same time, as stated in the official report, inflation has declined from 43.3 percent at the end of 2015 to 9.8 percent at the end of 2018. During this time more than 20 billion US dollars has increased the volume of international reserves.
Guide natsregulyatora sure that the extension part of protection measures in the foreign exchange market is necessary. The main reasons for the extension they are calling a possible escalation of the conflict in the Donbass, a significant blow to the economy due to foreign debt repayment, the slowdown in the global economy, the low volume of international reserves according to the IMF, possible fluctuations and high level of dollarization of the banking system
The NBU said that they will continue to weaken and undo the protection gradually and the improvement of the macroeconomic situation based on an assessment of the effects from the already removed restrictions on the foreign exchange market, which should lead to economic growth in Ukraine.
We will remind, it became known as the blow destroyed the banking system of Ukraine: “the noose around the neck”.
As reported Politeka, PrivatBank urgently reported the write-off of money from the card.
Also Politeka wrote about the fact that the national Bank gave a tough forecast for the Ukrainians: the belt will have to tighten even more.