KYIV, Aug 1 – The National Bank of Ukraine (NBU) will soften sharp rate movements, however it will not interfere in the market trend of national currency consolidation, NBU director of the open markets department Serhiy Ponomarenko said.

"A hryvnia rate is floating one in Ukraine, not a fixed one. We have no such strategy to defend any figure, for example, to prevent the hryvnia from consolidation on the level of 25 hryvnias per 1 dollar or not to make depreciate to less than 30 hryvnias per one dollar. This is what floating currency policy is. It changes depending on demand and supply," he said, responding to questions about whether significant consolidation of the Ukrainian hryvnia is reasonable.