End dependence on central bank financing, Ukraine governor says
The National Bank of Ukraine wants to restart supervising commercial lenders in April and avoid monetising the government’s deficit, governor Andriy Pyshny said.
Pyshny’s statement, in a Facebook post on February 27, signals the NBU wants to stop being the main source of Ukraine’s wartime government spending. The NBU’s board and senior officials agreed to the new stance at a strategy meeting on February 25 and 26, he said.
The governor said central bank financing had been a simple and quick
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