KIEV, Feb. 7 – There are no grounds for the long-term weakening of the hryvnia, National Bank of Ukraine Governor Ihor Sorkin said.

"There are no grounds to say that this is a long-term trend," he said at a press conference in Kiev on Friday.

"We’re sure that short-term demand will fall and the market will start operating in the narrower corridor," he added.

He said that the NBU is strengthening regulations to reduce speculative demand.