Yes, interest rates have gone up, but given our balance of payments deficit - or in other words, our huge appetite for borrowing and our national aversion to saving - that should not be a matter for surprise or regret.
We have expanded the list of collateral that banks can provide to take out loans from the NBU. We will now accept not only government bonds, but also municipal and governmentguaranteed corporate bonds. The banking system is highly liquid today, with about UAH 200 billion in liquidity.