The NBU’s leadership understands that it must act to contain inflation, but its insistence on the dollar peg ties their hands, because it prevents them from raising interest rates sufficiently. Instead, they have reverted to strict reserve requirements, effectively rationing credit and thereby causing a domestic credit squeeze in the midst of the current international financial crisis, which is likely to force some medium-sized banks into bankruptcy because of liquidity problems.
&#160;&#160;&#160; 乌克兰国家银行的领导层理解，该行必须采取行动来遏制通货膨胀，但是其坚持与美元挂钩限制了他们的行动，因为这不让他们有效地提高利率。相反，他们回到了严格的储备要求，实际上实行信贷配给，从而在当前国际金融危机当口造成国内信贷紧缩。这就有可能迫使某些中等规模的银行由于流动资金问题而破产。配给制度总是不如市场高明。