Dollar crosses the threshold of 42 UAH: why the National Bank does not intervene.

According to inkorr.com: Last week, the dollar exchange rate on the interbank market exceeded 42 UAH for the first time since summer. On the last trading day, the currency stabilized at 42.00 UAH, while the official rate of the National Bank remained at 41.89 UAH. In the cash sector, the dollar rose even more – from 41.93 to 42.27 UAH.

Expert Opinion

Financial analyst Andrii Shevchishin notes that the hryvnia has been weakening for the second week in a row against both the dollar and the euro. 'The depreciation of the hryvnia has already become a stable trend. The euro rose on the interbank market from 48.52 to 48.55 UAH, and in the cash market - from 49.14 to 49.21 UAH, despite the euro's decline against the dollar globally,' explained the expert.

Although there is a deficit in currency supply, the National Bank is not in a hurry to intervene in the situation. The regulator adheres to a policy of 'managed flexibility,' allowing gradual devaluation and avoiding sharp fluctuations.

Population buying dollars again

In the cash market, the situation is completely opposite. Demand for currency among the population increased by 20%, while supply only increased by 1%. As a result, the cash currency deficit reached its highest level since February - over $41 million per day.

No change in rates: National Bank opts for a restrained policy

The National Bank kept the discount rate at 15.5%, despite market expectations. This decision came as a surprise to many experts.

The growth of the dollar rate on the interbank market to 42 UAH, the increased demand for currency among the population, and the cautious policy of the National Bank shape the current situation in the financial market in Ukraine. Undoubtedly, these factors can influence future economic decisions and the country’s financial stability.