Bank liquidity reduction has lessened inflation, says NBU governor
KIEV, Sept. 9 – The shrinkage of banks' liquidity has made possible a reduction in inflation, said National Bank of Ukraine Governor Serhiy Arbuzov.
"Excess cash in the economy in the end results in an increase in a large assortment of consumer goods. It is the measures taken by the NBU that made it possible to reduce demand inflation. The stability of the forex rate of the hryvnia was also conducive to an improvement in the situation with inflation," he said. |