The head of the National Bank of Ukraine Yakov Smoliy said that the key risk to the NBU for economic growth, consider delaying the conclusion of a new cooperation program with the IMF.
About this Smoliy said at the briefing, reports Wave.
However, he stressed that macro-financial stability risks remain, primarily as a result of decisions of Ukrainian courts on the responsibility and obligations of the former owners of insolvent banks to the state.
Resin also said that the realization of these risks may worsen the exchange rate and inflation expectations, moreover, hamper access to international capital markets in terms of the need to implement a peak of debt payments.
In addition, the NBU head stressed that the current are also other risks. Among them, he called for further cooling of the world economy and the deteriorating terms of trade, the escalation of the military conflict in the East of the country, and new trade restrictions from the Russian side, the reduction in yield of grain and horticultural crops in Ukraine in connection with adverse weather conditions. This list Smoliy has also contributed to increase volatility in world prices for food considering global climate change and the reduction of the inflow of foreign capital.
Katrine Johns has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Gal Post, Katrine Johns worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my firstname.lastname@example.org 1-800-268-7128