NBU governor's speech to parliament

NBU governor's speech to parliament



19 січня 2015 года
ICU

On Friday, the NBU governor, in response to recent allegations of mismanagement of FX, spoke to parliament about the current situation with the hryvnia, inflation and the banking sector. While some MPs, including a few in the ruling coalition, had been threatening to have the governor dismissed from incompetence, the majority of MPs expressed explicit confidence in the governor. In the speech, the governor confirmed that the NBU will not return to a pegged FX regime and that the key focus is on inflation (25% in Dec-15) and that a newly conceived monetary policy committee will consider a key rate hike (14% now) to reverse inflation. The NBU will rely on IMF and donor funding to deal with the crises in attaining financing and reversing the hryvnia's devaluation.

Источник: ICU

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