NBU governor names the biggest threats to economic stability

NBU governor names the biggest threats to economic stability

Ukrinform
Judicial decisions and pressure on the National Bank can negatively affect exchange rate and inflation expectations, as well as impede access to international capital markets.

NBU Governor Yakiv Smolii stated this at a press conference on Thursday, an Ukrinform correspondent reports.

"There is still a risk of increased threats to macro-financial stability as a result of court decisions and pressure on the National Bank. Realization of these risks can worsen exchange rate and inflation expectations and complicate access to international capital markets in conditions of peak debt payments," he said.

He also noted that there were external risks that could pose a threat to the stability of Ukrainian economy. Among them are the complete cessation of gas transit from Russia through Ukraine, the intensification of trade wars and increased turbulence in global financial markets, the escalation of a military conflict and new trade restrictions on the part of Russia.

As Ukrinform reported, on December 12, the National Bank of Ukraine endorsed a decision to reduce the discount rate to 13.5%.

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