KYIV, Dec 26 – Ukraine’s economy is growing better than expected, while inflation remains low and any future risks to the financial system are ‘insignificant,’ the National Bank of Ukraine said Thursday.
The NBU’s Council said cautious optimism is emerging in the world and expectations for 2020 are improving, while the country’s financial system is probably in the best shape since 1991.
"The situation in the foreign exchange market remains favorable. The National Bank buys surpluses of foreign currency in the market to replenish forex reserves: from the beginning of the year, the net purchase of currency by the NBU has already exceeded $6 billion. A favorable macroeconomic situation, low inflation and strengthening of the hryvnia will help reduce the dollarization of the financial system," the NBU said.