Politics National Bank became the main cause of recession in Ukraine in 2009, said Prime Minister Yulia Tymoshenko at the presentation of the state budget for 2010
Tymoshenko stressed that the 110 billion UAH, issued by the National Bank as the refinancing was enough for the resumption of lending of the economy and cover cash gaps due to the outflow of deposits.
Instead, the funds went to the currency market, where the same banks in exchange speculation earn 3-4% per day - said the Premier. Tymoshenko also noted that the established National Bank discount rate and the refinancing rate is not economically justified.
Explanation of NBU that high inflation did not give him an opportunity to reduce the refinancing rate, has no economic justification. If we have inflation is 8,5%, the refinancing rate from 16%? With such interest rates, it is impossible to do business, it's a losing campaign activities , - said the prime minister.
She also noted that the devaluation of the currency in Ukraine was much higher than in other countries. It's unprofessional, speculative policies of the National Bank that allowed banks tolend in the currency of the household, farmers and industrial enterprises that are not exporters. As a result of the devaluation, they all almost went bankrupt a few months, unable to pay in the hryvnia currency loans for such a course. This should not have been in Ukraine , - said Tymoshenko.
War of the National Bank
purpose - to make the National Bank more amenable to the elections and change leadership NBU after them ...
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