Ukraine wants to start talks with the International Monetary Fund (IMF) on a new program in April to reassure markets, which have been rocked by tensions with Russia, Ukrainian central bank governor Kyrylo Shevchenko told Reuters.
During an interview in his office on Monday, Shevchenko dismissed the imposition of any administrative restrictions on the Ukrainian currency, the hryvnia, saying that would be counterproductive for stirring up markets rather than offering stability.
He also said the central bank will remain hawkish (tough on inflation), leaving open the possibility of raising interest rates beyond the planned 11% hike at the next monetary policy meeting in March.
The threat of a major war in Ukraine, after Russia mustered troops and announced its occupation of Moscow-controlled breakaway regions, has taken a toll on Ukrainian assets. The hryvnia was down more than 1% on Tuesday.
Source: CNN Brasil
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