NBU cancels limitations on early deposit withdrawal?

On Friday local media informed that the National Bank of Ukraine approved on May 12 a regulation that cancelled another regulation imposing limitations on early bank deposits withdrawal. Meanwhile, on Friday the NBU governor Volodymyr Stelmakh said that he “did not sign anything on May 12”. Andrii Parkhomenko: It seems like the NBU does not want the amended regulation to become public, while the cancellation, most likely, has been approved by the central bank.We believe that the cancellation of the moratorium may cause a modest deposit outflow from Ukrainian banks (by up to 5% within a month), despite apparently stabilized economic expectations and hryvnya exchange rate. April was the first month since September, 2008 to show increase in individuals’ deposits (+0.6% mom).