NBU Head Says Bank Will Continue On Its Path Regardless of Election Outcome

The Deputy Governor of the National Bank of Ukraine stated the operations will not change after the election

uatv
03.04.2019

Photo from Ukrinform – UATV

The National Bank of Ukraine feels confident that whoever the president is, the central bank will be able to fulfill its mandate of pricing and financial stability.

“We have seen economic performance improving. And despite quite turbulent pre-election period, there has been nothing happening really to the economy and, therefore, we, the central bank, feel confident that whoever is the president and whatever the outcome of the political cycle this year, the central bank will be able to fulfill its mandate of pricing and financial stability.

“We saw delays in the IMF program last year but it did not have much impact on the economy.

“Of course, the country needs to accelerate reforms. What is important for us is an independent central bank, and the ability of the politicians and policymakers to perform these reforms. Let’s see would be done or not. On our side, we do our best to ensure that we stick to the conditions of the IMF program,” Deputy Governor of the National Bank of Ukraine Dmytro Solohub said in an interview with CNBC.

This year, the IMF is expected to provide Ukraine with two tranches worth a total of $2.6 billion with half expected in May and the other half in November.

Source Ukrinform
date 03.04.2019
categories Economics
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