National Bank of Ukraine warns of FX trade restrictions

Valeria Gontareva, National Bank of Ukraine

The National Bank of Ukraine (NBU) today announced a new measure on its path towards an inflation-targeting regime by mid-2015 – even as it continued to intervene in the foreign exchange market in an attempt to smooth "excessive volatility", which has no basis in fundamentals, according to governor Valeria Gontareva.

The volatility in the foreign exchange market has led Gontareva to warn that if it gets worse, the NBU will have to impose "administrative restrictions" on foreign exchange trading,

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: