Abstract
One of the economic tasks of the Ukrainian government is to attract external foreign investments to rebuild the economy and expand its own national production, which entails other positive socio-economic effects. This study analyzes how monetary policy becomes an important tool for promoting the attraction of foreign investments through the institutionalization of trust in the National Bank of Ukraine (hereinafter – the NBU). The study identifies the main political and economic contradictions inherent in the instruments of monetary policy, due to which the importance of increasing trust in the NBU by ensuring its institutional independence is substantiated, in particular, via introducing high-quality corporate governance. It has been proven that institutionalized trust via the predictability of the use of monetary policy instruments, has a positive effect on Ukraine’s investment attractiveness, which increases the potential for this country’s economic recovery.
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