But if we look at the progress that has been achieved in the last one and a quarter years, and if we are able to scale up and sustain our efforts, I am quite hopeful that the targets set by the banks and our objective of achieving universal financial inclusion is attainable. But, it is not automatic and cannot be taken for granted.
First, rising geopolitical tensions are affecting prices of Ukrainian assets and FX market conditions. Second, global prices for natural gas and food exceed the NBU’s expectations and are likely to remain high in the coming months. Third, higher global inflation is prompting leading central banks to step up their monetary policy tightening.