ICU Weekly Insight: 5 September 2022- Current Account Remains in Surplus

Kyiv Post | Sep 6, 2022 at 5:21 PM
  • Bond-market activity remains low
  • A one-time hryvnia depreciation that the NBU carried out in late June (US dollar became more expensive by 25%) was the factor behind the significant change in the total debt stock—it increased 15% MoM in UAH equivalent, but declined 8% MoM in US$ equivalent.
  • We expect the outflows through the financial account to be roughly equal to the C/A surplus in the months to the end of 2022.