Інтерв’ю про Нацбанк з Андрієм Пишним

Descripción:

We at Capitalist often write about the financial system and how it responds to the challenges of war. The National Bank of Ukraine plays a leading role in ensuring market stability. 2023 was difficult, starting with darkness in homes, but banks worked with resilience. Payment operations under total darkness were a significant achievement. In this interview with NBU head Andriy Pishny, we discuss the challenges faced in 2023, the logic of NBU actions, and future expectations. At 0:00, the interview starts with an introduction. At 2:31, the discussion covers the fixation of the currency rate at the start of the full-scale invasion. At 6:30, the transition to a flexible exchange rate is discussed. At 12:03, the planned cancellation of currency restrictions is addressed. At 17:01, the liquidity of foreign currency reserves is examined. At 18:54, alternative sources of funds are explored. At 26:37, the need for attractiveness of hryvnia assets is discussed. At 32:55, the update of NBU strategies is presented. At 36:45, the printing of money is discussed. At 39:36, the reasons for the growth of the Ukrainian economy are explained. At 42:57, the impact of lowering the base rate on the banking system is considered. At 47:16, effective transmission channels are identified. At 53:44, the need for deposit certificates is explained. At 1:02:15, the future of deposit certificates is discussed. At 1:06:00, the cause of the inflation review towards reduction is explained. At 1:11:57, the moratorium on raising housing and utility tariffs is discussed. At 1:13:55, the seizure of the NBU head is mentioned. At 1:18:20, the relationship with the IMF is discussed. At 1:32:16, expectations for 2024 are outlined. At 1:40:39, conclusions are drawn.