EBA Odesa meeting with the leadership of the National Bank of Ukraine
Traditionally, in autumn, EBA Southern Ukrainian office members met with the National Bank of Ukraine leadership. This time, first Deputy Governor of the NBU Kateryna Rozhkova and Project leader of the Open Market Operations Department Emal Bakhtari came to Odesa.
They highlighted the current macroeconomic situation and projections for 2020. According to the NBU, GDP growth will be 3% in 2019 and 3.2% in 2020, respectively. Inflation in 2019 will slow to 6.3%, compared to 9.8% in the previous year. During the meeting participants also discussed the NBU’s monetary policy, key innovations of the new currency regulation and activation of bank lending. The task of the National Bank is to gradually shift the public’s attention from exchange rate fluctuations to inflation rate. This сould be done by pursuing a consistent, transparent monetary policy aimed at ensuring price stability.
During the Q&A session, the participants asked questions about changes in the regulation of the Ukrainian payment market, including the introduction of new payment services, expanding the range of suppliers and enhancing the protection of users’ rights, financial monitoring, major currency liberalization priorities, NBU rate policy, increase in private consumption.
The meeting was held within the framework of “Economic Express” – the National Bank of Ukraine information days program in the regions.