KIEV, Sept. 20 – Credit and deposit rates in Ukraine could grow along with the retaining of a lack of liquidity in the banking sector and the possible acceleration of inflation, according to experts Forum for Leading International Financial Institutions (FLIFI).
"Over the past several months the National Bank of Ukraine (NBU) conducted a tougher monetary policy to fight inflation and weaken the pressure on the hryvnia exchange rate. On the other hand, the gradual recovery of crediting absorbs extra liquidity in the banking system… A lack of liquidity and expected inflation growth could push up deposit rates," reads a survey of the FLIFI presented at a press conference on Tuesday.
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