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2.0 Politics
2.1 NBU ends fixed exchange regime
The National Bank of Ukraine (NBU) has officially declared the end of the 18-month-long fixed-exchange-rate regime and introduced a "managed flexible" exchange-rate system, effective from October 3.
The central bank has slowly been easing its tight controls over the financial system as pressure on the war-torn economy recedes. Ukraine put in its first growth since the war started 19 months ago expanding by 19.5% in the second quarter y/y, driven partly by low base effects. Inflation has also started to fall allowing the regulator to start cutting interest rates.
7 UKRAINE Country Report October 2023 www.intellinews.com
