Shpeck: NBU should reduce level of dependence on "weak" government policy

The National Bank of Ukraine needs to reduce the level of dependence on the "weak" government policy, senior advisor at Alfa-Bank Roman Shpek said during the seventh annual conference of Adam Smith Institute "Ukrainian Banking Forum."

"Unfortunately, the issues of macroeconomic situation and the situation on the currency market are mainly addressed to the National Bank, but not to the government. While it is responsible for the situation and even does not pursue a structural policy ... Ukraine is not ready for the next wave of crisis," Shpek said.

According to him, the NBU should have more tools to conduct a flexible monetary policy.

However, he called on the National Bank "not to become a hostage to poor government policy."