KYIV, July 27 – The National Bank of Ukraine (NBU) is discussing with the International Monetary Fund (IMF) about its role in the development of the secondary market for government Treasury bills, but will not allow a situation in which it will somehow finance the budget, NBU Deputy Governor Yuriy Heletiy said.
"We believe that the secondary market is still a market for banks and securities traders. The National Bank does not plan to compete with the private sector. The Central Bank is a regulator, we have other tasks. The market is developing, and our intervention is not required here," he said in an interview with Interfax-Ukraine, answering a question about the likelihood of the National Bank entering the market with its portfolio.
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