Central bank governor Kyrylo Shevchenko is in Washington this week, trying to revive the stalled IMF deal. Against that background, Concorde Capital’s

Central bank governor Kyrylo Shevchenko is in Washington this week, trying to revive the stalled IMF deal. Against that background, Concorde Capital’s Evgeniya Akhtyrko writes: “A significant increase of interest rates for 3-month bonds helped to raise more auction receipts. However, the limited number of bidders for these bonds implies that most of the hryvnia receipts at the auction are still being generated by state-owned banks.”