The NBU has revised its key assumption of the security situation forecast due to fiercer fighting and escalating military attacks on the country's critical infrastructure. The baseline scenario of the new macroeconomic forecast envisages a noticeable decrease in security risks from the start of 2024.
1 Among these are organisations such as structured investment vehicles (SIVs) or conduits which have acquired a somewhat dubious reputation in connection with investments in securitised subprime mortgage loans. Many market participants had previously been completely unaware of the existence of these vehicles and the extent of their activities.