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Preferential reserve ratios from May 11 to be only for deposits from three months – NBU
KYIV. March 16 (Interfax-Ukraine) – Starting from May 11, the National Bank of Ukraine (NBU) will apply the distribution of preferential mandatory reserves for time household deposits only to deposits with initial maturities from three months, Governor of the NBU Andriy Pyshnyy has said.
“Starting from 11 May 2023, preferential required reserve ratios for time household deposits will only apply to deposits with initial maturities from three months,” he said at a press briefing on Thursday.
According to him, the above measures will bolster the market stimuli that encourage the banks to raise hryvnia time household deposits, which will decrease risks to the FX market and international reserves as FX restrictions are eased.
