Economics

Ukraine Central Banker Exits Chiding Rate Demands, Protests

  • Smoliy slams lawmakers over political pressure against bank
  • Parliament votes overwhelmingly to accept his resignation

Yakiv Smoliy

Photographer: Vincent Mundy/Bloomberg
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As lawmakers approved his resignation, Ukraine’s outgoing central bank chief slammed them over the political pressure that prompted his decision to quit.

Governor Yakiv Smoliy rattled markets by suddenly stepping down late Wednesday following a meeting with President Volodymyr Zelenskiy, who’s been among officials complaining of high interest rates and the strength of the national currency.