Concorde Capital’s Evgeniya Akhtyrko writes: “It looks like even state-owned banks are refusing to allocate their resources to assets with non-competitive interest rates. Apparently, Ukraine’s market players are assigning a high risk to the market, and we don’t see much chances for this to improve in the nearest time. Meanwhile, if the government resorts to hiking interest rates, that would undermine the proposal under consideration by the Zelenskiy administration to flood the economy with low-cost loans in order to stimulate economic growth.”
Concorde Capital’s
