KIEV, April 22 – The National Bank of Ukraine should more actively use interventions to control the hryvnia exchange rate and expand refinancing, according to NBU council head Petro Poroshenko.
"It's expedient to switch to an active monetary and credit policy, which foresees increasing the NBU's participation on the interbank credit market, a considerable expansion of refinancing, firstly for crediting investment projects. The NBU should [stick] to the forecasts on the exchange rate stipulated in the basis for the monetary and credit policy for 2008, and more actively use interventions," he said in an interview with the Dzerkalo Tyzhdnia newspaper.
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