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You're reading: Citibank’s Fisher: ‘Not good economic policy to keep people guessing’
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But for that to happen, Fisher explains, the central bank will have to abandon its tight liquidity policy aimed at keeping the hryvnia exchange rate stable. 

Some foreign banks are deleveraging, looking to reduce their operations, cut down on staff or sell off branches, said Fisher. Others have run into troubles at home or are simply still recovering from the consequences of having purchased existing banks for too high a price, given their problems with bad loans, corruption and excessive costs.

But the current monetary policy is also holding the sector back, argued Fisher, who came to head Citi’s Ukraine operations in 2010, after having ran corporate lending in the post-Soviet area from Moscow.

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