Concorde Capital’s Evgeniya Akhtyrko writes

Concorde Capital’s Evgeniya Akhtyrko writes: “Like a week ago, MinFin hiked the interest rates for UAH-denominated bonds. However, that didn’t result in a significant jump of UAH auction receipts. We suppose that most of the UAH auction receipts were generated by state-owned banks….Rising interest rates amid the relatively low inflation means the current government policy is failing to improve business confidence.”