Overnight borrowing rise more than 15 percentage points in just over a week, as central bank intervention creates cash shortages.
By Piotr Bujnicki and Daryna Krasnolutska, Bloomberg|December 09, 2013 at 09:30 AM
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Ukrainian interbank lending rates soared to a one-year high as policy makers’ bid to prop up the currency depletes cash from the economy and threatens to deepen the country’s third recession since 2008.
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