Ukraine's National Bank to conduct refinancing tenders weekly

The rate on relevant tools, as before, shall be set at the NBU's key policy rate.

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The National Bank of Ukraine (NBU) says it changes the schedule for banks' liquidity regulation operations from March 19 to hold tenders for placing deposit certificates and providing short-term refinancing loans weekly on Fridays.

The central bank has also revised the urgency of these tools: two-week certificates will become weekly ones, while short-term refinancing loans of up to 14 days will be issued for up to one month, the regulator said on its website on March 18.

The rate on said tools, as before, shall be set at the NBU's key policy rate.

Read alsoNational Bank says Ukraine's banking system liquidity at high level

According to the regulator, these measures are expected to enhance the banking sector's resilience to turbulence in the financial markets and support its ability to stimulate the Ukrainian economy in the face of greater uncertainty.

As UNIAN reported earlier, the National Bank, in addition to standard short-term refinancing means, had been introducing long-term refinancing of banks for up to five years, which would support hryvnia bank lending and become an additional guarantee of maintaining the banking system's sufficient liquidity.

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