KIEV, Feb. 22 - The continued lack of confidence in the political regime in Ukraine could trigger a new wave of capital outflow from the country and the weakening of the national currency exchange rate by the middle of this year, to UAH 30/$1, analysts of Goldman Sachs investment bank consider.
"Political uncertainty - even though the no-confidence vote failed - could trigger capital outflows and deposit withdrawals from banks, potentially putting more rapid pressure on reserves and on the hryvnia, which we expect to depreciate to UAH 30/$1 by mid-year," the investment bank said.
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