Serhiy Mykolaychuk said in an interview with Interfax-Ukraine that the NBU’s monetary policy remains moderately tight and effective. According to him, despite business criticism, the interest rate transmission is effective – stimulating hryvnia deposits and strengthening lending in the national currency.
He added that the interest rate of 15.5% is balanced and contributes to curbing inflation, generating yields on ISI and OVDP and preserving the stability of the foreign exchange market.
