Friday, December 10

Potential Russian military aggression lowers the price of Ukrainian assets price and increases inflation risks,

 said Deputy Head of the National Bank of Ukraine, Sergiy Nikolaychuk. “Today’s decision on the refinancing rate considered several pro-inflationary risks, and in the first place, we highlighted the strengthening of geopolitical risks associated with possible military aggression from Russia. Unfortunately, it is precise because of this factor that we saw a decline in prices for Ukrainian assets, additional pressure on the foreign exchange market, which, of course, did not help reduce inflation”, said Nikolaychuk during a press briefing.

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In November, the annual inflation rate slowed to 10.3%.

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