KYIV, May 21 – Analysts from Goldman Sachs partially associate the strengthening of the national currency of Ukraine with a positive reaction to recent political events and expect further strengthening of the hryvnia in the short term, according to the investment bank's economic forecast.
Among the factors that contribute to this are high real interest rates, favorable trading conditions and the inflow of private capital.
In terms of lending, the bank's analysts are more optimistic about short-term external financing than the market (Ukraine's access to foreign borrowing markets), and the bank expects this factor to continue to further increase the debt curve in U.S. dollars.
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