The central bank should speed up the rate cuts in order to meet the new government’s goal of 40% GDP growth by 2024, Bogdan Danylyshyn, council chairman of the National Bank of Ukraine, writes on Facebook. “This is a continuation of the half-measures policy that the NBU has been adhering to for a long time,” the bank advisor complains. To justify faster easing, he cites three factors: the 10% rise of the hryvnia against the dollar this year, low gas import prices and reasonable prices for Ukraine’s commodity exports, and another bumper grain harvest this year.
The central bank should speed up the rate cuts in order to meet the new government’s goal of 40% GDP growth by 2024,
