The National Bank of Ukraine keeps hryvnia’s fluctuations under control, chairman of the Party of Regions faction Oleksandr Yefremov told a briefing in the Verkhovna Rada, ForUm correspondent reports.
"There was such a mechanism: to improve lending activities of banks, the NBU increased refinancing for one year. Earlier, it was done for three months. We hoped that this refinancing would contribute to real sector of economy lending," Yefremov said.
However, he said, the situation had a different scenario. "Instead of putting money in the lending to the real economy, the banks entered the currency market and started buying the currency. Today the National Bank keeps the situation under control, and I think there will be no serious fluctuations hesitation and effects," he said.
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