NBU governor: Nationalization of PrivatBank not to affect inflation rate

NBU governor: Nationalization of PrivatBank not to affect inflation rate

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Ukrinform
The National Bank of Ukraine states that the nationalization of PrivatBank will not affect the foreign exchange market and inflation rate.

Governor the National Bank of Ukraine Valeria Gontareva said this at a briefing, an Ukrinform correspondent reports.

"We do not expect a significant outflow of deposits from PrivatBank and we do not foresee a significant impact of this factor on the foreign exchange market and inflation rate," Gontareva said.

As reported, Ukraine's Cabinet of Ministers on Sunday, December 18, supported the proposal put forth by the National Bank of Ukraine (NBU) and the Council for Financial Stability to transfer PJSC PrivatBank to 100% state ownership.

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