The cash market will find a new balance after the NBU raises the official rate in the coming days.
The National Bank expects the dollar exchange rate in the cash market to stabilize within two to three days. Now the market is looking for a new balance after the National Bank of Ukraine increased the official exchange rate by 25% to UAH 36.57. This was said by the Deputy Head of the NBU Serhiy Nikolaychuk, reports on Friday, July 22, RBC-Ukraine.
According to him, the NBU’s decision on the official exchange rate affected the cash market.
“We saw this yesterday when the market reacted by widening spreads,” he said.
At the same time, Nikolaychuk is convinced that the NBU has “more opportunities to defend” the new rate of 36.57 Hryvnia than the old 29.25.
The deputy head of the NBU believes that the cash market will find a new balance within the next two or three days.
Remember, on the eve of the NBU raised the Hryvnia against the dollar by 25% to 36.5686 Hryvnia per dollar.
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Source: korrespondent
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