Ukrainian central bank council holds first meeting
New body has extensive powers over monetary policy and governance
The National Bank of Ukraine (NBU) has held the first meeting of its newly created council, or oversight body, which has extensive powers over the central bank's governance and operations, especially its monetary policy framework. The council met on October 25, two days before the central bank cut interest rates for the fifth consecutive time this year.
Council members elected Bohdan Danylyshyn chairman and Tymofiy Mylovanov his deputy at their first meeting, and both will serve three-year terms
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