UAH: FX controls to be phased out gradually

Макроэкономика 27.10.2014 NBU officials last week indicated that they might phase out of the tight FX policy mix that has been in use since late August. While market sentiment is still negative, particularly regarding control of the hryvnia's nominal rate, authorities are likely trying to spread positive news after the successful elections that strongly supported the pro-democracy, pro-EU and pro-reform parties.