Daily Insight -- UAH extends gains
At the end of the week, the hryvnia appreciated 0.7% to 28.5486 UAH/USD, after rising 0.4% on Thursday, following the NBU's decision to raise the key policy rate by 150bps to 16%, effective Friday. In the local market, the hryvnia sold for 28.71 UAH/USD versus 28.58 to buy at the Ukrainian cash market. Its CPI-based real trade-weighted index rose 0.56% to 102.80; in year-on-year terms, it is down 4.36% from 107.28 last year.
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