To be classified as HTM at the time of purchase they must be acquired with the intent and ability to be held until maturity. In contrast to the HTM portfolio, assets designated “available for sale” need to be marked to market. However, once a bank sells a portion of its HTM assets, it must recognise all mark-to-market losses on the entire portfolio. 23.
Keeping the key policy rate at 25%, introducing additional instruments for preventing household savings from being eroded away by inflation, coupled with measures to increase competition among the banks for time deposits, contributed to greater exchange rate sustainability. These same instruments boosted demand for hryvnia instruments, while cutting demand for FX.