Maintaining a fixed exchange rate due to war can lead to macroeconomic imbalances.
Long-term exchange rate adjustment could lead to the accumulation of macroeconomic imbalances, says the National Bank.
They noted that maintaining administrative restrictions on foreign exchange transactions will remain an important prerequisite for maintaining macroeconomic stability in Ukraine.
“Despite this, the National Bank will strive to return to the inflation targeting regime with a floating exchange rate as soon as possible as the ability of the foreign exchange market to self-balance is restored,” the message said.
Recall that the official dollar rate will remain at the level of 29.25 hryvnia until the end of the war with Russia.
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Source: korrespondent
