Ukrainian central bank faces ‘difficult balancing act’
Bank bolsters exchange reserves but faces high inflation and ‘weak’ recovery
The National Bank of Ukraine (NBU) is attempting to foster a recovery from a deep recession while confronting high inflation and possible renewed currency pressure.
The NBU's monetary policy committee kept the bank's policy rate at 22% for the third meeting in a row today (January 28). The decision seemed "prudent" in the light of Ukraine's high unemployment and falling inflation, said Stuart Culverhouse, an analyst at London-based investment bank Exotix.
Annual CPI inflation fell to 43% in
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