ICU Research Weekly Insight: Economy Healthier but too Slow

Kyiv Post | Dec 28, 2021 at 5:24 PM
  • As a result, the hryvnia exchange rate remained in the expected range of Hr 27–$27.5 and weakened by 0.1% to Hr 27.27/$ by the end of the week.
  • ICU view: This week, the hryvnia will be under pressure from lower currency supply from exporters due to VAT refunds that can reach Hr 10bn and due to the Christmas and New Year holidays with low business activity.
  • Demand will prevail again, but the NBU can meet excess demand using reserves, balancing the market in the same range of Hr 27–27.5/$ by the end of the year.