Decisions by the National Bank of Ukraine (NBU) to adjust the exchange rate policy, including the establishment of a fixed exchange rate, are an effective anti-crisis measure, NBU Governor Andriy Pyshny said in the Verkhovna Rada before his appointment on Friday.
"The decisions taken by the National Bank to adjust the exchange rate policy, firstly, to establish a fixed rate, I assess as a fairly effective anti-crisis measure. Due to this, we managed to stabilize the situation," he said.
According to Pyshny, the time has come to discuss the possibility of setting the exchange rate in accordance with the state of Ukraine's macroeconomic indicators.
"For the time being, it [the rate] is such that it allows us to ensure the required level of gold and foreign exchange reserves and keep the macroeconomic situation within the predicted parameters," the governor of the central bank added.
Advertising
Advertising
MORE ABOUT
Four MPC members expect reduction of key policy rate to 11.5-12% by late 2024, remaining 7 expect fall to 13% – NBU
13:58, 06.05.2024
NBU develops alternative scenario in case of higher security risks with GDP growth in 2025 by 3.3%
11:03, 06.05.2024
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
NBU completing development of bill on war risk insurance system in Ukraine
16:21, 30.04.2024
LATEST
Kharkiv-based LPG supplier GT Group accuses tax authorities of blocking its business
20:41, 17.05.2024
Govt launches compensation program for demining farmland
20:31, 17.05.2024
Shmyhal: Energy system is integrated, works stably, but electricity generation not enough
13:20, 17.05.2024
Opening of airport in Lviv to help close sky over Ukraine – head of Lviv administration
11:26, 17.05.2024
Zaporizhstal specialists restore several powerful trucks for AFU