Hryvnia Rallies To 1-Month Highs After Ukraine Raises Benchmark Rate To 30%

Ukraine’s infamous pink Porsche-driving central bank governor, Valeriya Gontareva, raised the nation’s refinancing rate from 19.5% to a stunning 30% (effective Wednesday) in order to “stabilize the situation in the money and lending markets,” and imposed some ‘capital controls’ on exporters holding foreign cash.

This post was published at Zero Hedge on 03/03/2015.