The current central bank team will resist President Zelenskiy’s demand to print more money to create an artificial economic boomlet, Kateryna Rozhkova, acting governor of the National Bank of Ukraine, tells Interfax-Ukraine in a 5,000-word interview. She says: “For the NBU team, the launch of the ‘printing press’ is one of the ‘red lines’ we will never be ready to cross. It contradicts everything we have done for six years: not to expose [the people] to the inflation tax.” Noting that Ukraine is enjoying “record low interest rates,” she adds: “It is impossible to have high inflation and low rates. This will never happen.” Zelenskiy has yet to nominate a successor to Yakiv Smoliy who resigned as central bank governor on July 1. He complained of persistent political pressure.
The current central bank team will resist President Zelenskiy’s demand to print more money to create an artificial economic boomlet,
