The NBU is preparing a series of steps for currency liberalization in the coming weeks
Kyiv • UNN
The National Bank of Ukraine is preparing a series of steps for currency liberalization in the coming weeks, keeping international reserves at the current level, as part of its strategy to ease currency restrictions and return to inflation targeting.
The NBU plans to take a number of steps to simplify foreign exchange rules in the coming weeks. These measures have already been included in the updated macroeconomic forecast, which assumes that international reserves will remain at the same level. This was reported on Thursday by the NBU, UNN reports.
Given the fairly comfortable level of international reserves, the controlled situation on the foreign exchange market, and expectations of further international assistance, the NBU is preparing a series of steps to liberalize the currency in the coming weeks
According to him, such steps would be consistent with the strategy of easing currency restrictions, moving to greater exchange rate flexibility, and returning to inflation targeting. He says they have already been taken into account in the updated macroeconomic forecast, which assumes that international reserves will remain close to the current level this year and next.
Recall
The National Bank of Ukraine cut its key policy rate from 14.5% to 13.5% to support lending and economic recovery while managing inflationary risks.
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