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Photo: NBU Press Center
National Bank
In the absence of shocks, no significant fluctuations are expected in the foreign exchange market. The National Bank will continue with its flexible exchange rate.
The National Bank does not expect significant fluctuations in the dollar rate until the end of the year. And in case of instability, the NBU will intervene in the situation in the foreign exchange market. This was announced in an information session on Thursday, September 3, by the deputy director of the National Bank, Yuri Gelety.
“In the absence of shocks, we do not expect significant fluctuations in the foreign exchange market,” he said.
According to Geletey, the NBU will continue to operate under a flexible exchange rate regime and does not plan to switch to a fixed exchange rate regime.
“We believe that the formation of flexible exchange rates is an important element of inflation targeting policy and acts as a safeguard against the accumulation of imbalances in the economy,” he said.
At the same time, in the event of fluctuations in the market, the NBU, according to Geletey, will take measures to smooth them out.
Let us remind you that recently the hryvnia has been losing ground on a daily basis against the dollar and the euro.
As reported, in August, the NBU bought $ 460 million on the interbank market. At the same time, since the beginning of the year, the National Bank has bought $ 1.2 billion in the interbank foreign exchange market.
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