KIEV, May 11 – April's deflation, a result of a restricted monetary policy and the responsible activities of the Ukrainian government in the fiscal sphere, opens the way to cutting the interest rates of the National Bank of Ukraine, according to Valeriy Lytvytsky, the head of the group of advisors to the NBU governor.

"The NBU positively assesses prices in April. The central bank does not like price changes either towards inflation and deflation. However, 0.3% is not a large fall in prices. It gives us a chance to strengthen the trends of the previous two months, when inflation gradually slowed," he said.