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Ukraine central bank: decision on interventions doesn't mean hryvnia free float
February 5, 2015 / 9:24 AM / in 3 years

Ukraine central bank: decision on interventions doesn't mean hryvnia free float

KIEV, Feb 5 (Reuters) - The head of Ukraine’s central bank said on Thursday the bank’s decision not to intervene directly in the foreign exchange market does not mean a free float of the hryvnia currency.

Valeriia Gontareva, the bank’s governor, told a news conference bank would simply allow for a greater fluctuation in the hryvnia and added: “Get used to market volatility.”

She added that she hopes that the International Monetary Fund will finalise a decision on boosting financial aid to Kiev on Feb. 6-7. (Reporting by Natalia Zinets and Katya Golubkova, Writing in Moscow by Lidia Kelly, Editing by Timothy Heritage)

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