NBU «scares» banks with high rate

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NBU «scares» banks with high rate

19-12-2008

The National Bank scares banks by its plans to decrease the volume of refinancing and make it more expensive. The Chairman of NBU promised such action after his meeting with the President.

The Secretariat for the second time blamed banks for directing money from refinancing to the currency exchange market. Experts say NBU’s intentions will not influence the market situation considerably. Rate increase will make speculations more expensive but will not take them away from the market.

Comments:
Yuriy Prozorov, the General Director of DAGDA LLC

The source: Ukrainian Business Resource

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