Ukraine’s Central Bank Lowered Reserve Level, Kommersant Says
Ukraine’s central bank lowered the
amount of required reserves banks hold on a special account at
the central bank during one month to 50 percent from 60 percent,
Kommersant-Ukraine newspaper reported, citing documents it
obtained.
The new reserve requirement comes into force on May 31,
according to the Kyiv-based newspaper. The level of reserves
held on a daily basis on central bank accounts will be increased
to 40 percent from 30 percent, according to Kommersant.
To contact the reporter on this story:
Kateryna Choursina in Kyiv at
kchoursina@bloomberg.net
To contact the editor responsible for this story:
James M. Gomez at
jagomez@bloomberg.net