Ukraine Unfreezes Hryvnia Exchange Rate to Help Economy

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Ukraine moved to a managed flexible hryvnia exchange rate, dropping a peg it adopted after Russia’s invasion in February 2022, while saying it is ready to intervene in the market to avoid excessive volatility.

The National Bank of Ukraine is shifting to “managed flexible exchange rate” as a part of its plan to liberalize policies, according to a website statement on Monday. The decision comes into effect on October 3.Laurentian Bank says Éric Provost has been appointed president and chief executive, following a computer outage at the bank last week.Rogers Communications Inc.

says customers of all of the major Canadian wireless carriers can now connect to its 5G wireless network in the busiest sections of the Toronto subway system.From ultra-low interest rates that led to a huge spike in real estate demand to the speed with which interest rates shot up to levels not seen in a generation, it’s been hard to keep up with the shifting landscape for mortgage holders.

 

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