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Please read the case carefully. Ukrainian banking sector adapting to new reality, along with the entire Ukrainian business community. Ukraine chose this path in 2014

Please read the case carefully.

Ukrainian banking sector adapting to new reality, along with the entire Ukrainian business community. Ukraine chose this path in 2014 when it signed an Association Agreement with the EU. The main factor shaping Ukraines future development is the pathway towards further European integration. The National Bank of Ukraine is committed to keeping inflation within its target range of one percentage point above or below 5% in the medium term. The NBU has raised its key policy rate from 6% to 7.5% and expects inflation will start to decline in the coming months and will reach 8% by the end of the year. The banking sector has remained strong, and public confidence in the Ukrainian banking system and the domestic currency is currently high.

State the pros and cons covered in the summary. Express your opinion, justify it with some theoretical and/or empirical justification, and make your argument. Use the information in the book and/or any other sources you might find suitable to support your claims (Don't forget to cite the sources you use). You are also welcome to share your work experience. Thanks!

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