The new head of Ukraine’s central bank signaled yesterday that he favors lower interest rates and a weakened hryvnia.

Tuesday, July 21, 2020
The new head of Ukraine’s central bank signaled yesterday that he favors lower interest rates and a weakened hryvnia.

The new head of Ukraine’s central bank signaled yesterday that he favors lower interest rates and a weakened hryvnia. “The National Bank of Ukraine must press forward with cutting the key policy rate, which will eventually lead to cheaper loans for final consumers,” Kyrylo Shevchenko, the new governor said as he made his debut at the central bank, alongside President Zelenskiy.

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Ending a one-year impasse between the green energy industry and the Zelenskiy government, the Rada approved yesterday the ‘voluntary’ tariff cuts agreed last month with the sector:

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