In particular, the Committee is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the  BIS Review 110/2010  5  outlook were to deteriorate significantly. The issue at this stage is not whether we have the tools to help support economic activity and guard against disinflation. We do.
What is more, from 11 March the banks' required reserve ratios will be raised by another 10 pp for household hryvnia and FX demand deposits and current accounts. The banks will not be allowed to use benchmark domestic government debt securities to meet these reserve requirements. The NBU expects that these measures will help decrease the liquidity surplus in the banking system.