business in brief

NBU Predicts Stability On Forex Market

14.04.2010 | kyivweekly.com.ua

The economic recovery, expectations concerning the surplus of the current account, financial account give grounds to think that the stability on the forex market will preserve in the near-term and in the long-term perspective, executive director of the National Bank Ihor Shumylo told the press. He said any forecasts on the forex rates from the Ukrainian central bank are not expedient, as the NBU applies the policy of the flexible exchange rate. If the policy of flexible exchange rate is declared, and its is declared in Ukraine, the central banks do not make public official statements concerning the forecasts of the exchange rate, as this will be perceived as an undertaking to maintain a certain exchange rate, he said.

Printable version
comments powered by Disqus

News