The National Bank intends to work to ensure that the difference between the cash and official dollar exchange rates does not exceed 3%. The regulator sees its main task as ensuring the stability of the hryvnia..
This is stated in the NBU Strategy. According to it, the movement towards a gradual weakening and removal of currency restrictions introduced at the beginning of the war is defined as strategic. The same is true for the “transition to flexible exchange rate setting”.
" The implementation of this function is ensured by introducing appropriate policies in the daily operating activities of the NBU, taking into account the macroeconomic conditions in which appropriate tactical decisions will be made,” the statement says..
It is emphasized: one of the indicators of achieving the goal of stability of the hryvnia is the minimum difference between the cash and official dollar exchange rates. According to the regulator, it should not exceed 3%.
Another important indicator is that financial analysts’ medium-term inflation expectations remain in the range of 3-7% (year-on-year).
However, it is noted that a number of factors may prevent the implementation of this plan. Among them:.
However, it is emphasized that the regulator has developed an alternative plan to achieve the stability of the hryvnia. Among his points:.
At the same time, on January 21, the NBU updated the official dollar exchange rate to UAH 42.16. In turn, at noon on January 21:.