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The National Bank Should Remain Independent to Ensure Investors’ Trust in Ukraine

The National Bank Should Remain Independent to Ensure Investors’ Trust in Ukraine

A strong and independent National Bank (NBU) is a powerful signal of trust for foreign investors and for companies who have already invested millions of dollars and created thousands of jobs, as well as for international partners who provide financial support to keep the economy running. The NBU is the most trusted institution among foreign institutional investors and the business community. Thus, the National Bank should remain independent to be effective and ensure investors’ trust in Ukraine.

The American Chamber of Commerce in Ukraine will work with newly appointed Head Kyrylo Shevchenko as Governor of the National Bank of Ukraine. The business community expects that the new Governor of the National Bank will maintain the NBU independence, continue its current trajectory, including monetary policy, commitment to macroeconomic stability, and inflation targeting, as well as ensure cooperation with the IMF to accelerate economic growth.

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