To keep on track with the IMF and Western lenders, Smoliy said the central bank remain independent from pressure from the President and the Rada. “Neither the IMF, nor the World Bank, nor any corporation work with individuals, they work with the institution,” said Smoliy who has a background in the private sector. “Everyone will be waiting for a message from the newly appointed Governor. What will he do? If he does not change the policy of the National Bank, he will immediately declare that he will try to be independent, maintain the independence of the institution, maintain a floating exchange rate, continue inflation targeting, will not finance the budget, will not print hryvnia – this will be a clear signal.”
To keep on track with the IMF and Western lenders, Smoliy said the central bank remain independent from pressure from the President and the Rada.
