Market keeps guard up as Ukraine names new CB chief

Mariam Meskin,

Ross Lancaster

July 16, 2020 12:45 pm

PA_Kyrylo_Shevchenko_575x375_16July2020 — A candidate to be the Head of National Bank of Ukraine Kyrylo Shevchenko has a speech in front of Parliamentary session in Kyiv, Ukraine, July 16, 2020. Ukrainian lawmakers choose the head of Central Bank (Photo by Sergii Kharchenko/NurPhoto) | Sergii Kharchenko/NurPhoto/PA Images

Krylyo Shevchenko, the chairman of state-run Ukrgasbank, has been selected as the new governor of the National Bank of Ukraine (NBU) after weeks of deliberation. The choice has elicited a mixed reaction from market spectators, some of whom hope that Ukraine can salvage its international debt market access and IMF funding. Mariam Meskin and Ross Lancaster report.

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Topics

Central and Eastern Europe (CEE)JP Morgan CEE Bonds Ukraine Europe Emerging Markets EMEA CEE Goldman Sachs

MM

Mariam Meskin

RL

Ross Lancaster