The National Bank of Ukraine maintains a presence in the foreign exchange market, director of the Department for Monetary Market Analyzing and Forecasting of the National Bank of Ukraine Serhiy Korablin said during a teleconference "Situation in the currency and deposit markets: recent trends and forecasts for the future," ForUm correspondent reported.
However, according to him, the NBU holds intervention in the currency market not every day, only applications on the operation with currency of separate banks can come day after day.
"We hold interventions only if the market has serious negative expectations, especially that Ukraine has obligations under the memorandum with the IMF on a gradual shift to the flexible exchange rate based on current market factors," he said adding that it is important that the daily deviation between the retail exchange rates and officially set level does not exceed 2%.
