KIEV, Dec. 28 – Ukraine's monetary base in 2011 could grow by 14-18%, according to the underlying principles of the monetary and credit policy for 2011 submitted by the National Bank of Ukraine to Parliament.

"The required level of money supply would be provided thanks to the resumption of a multiplication growth trend – the monetary multiplier is estimated at some 2.8 as of late of 2011. The said trend gives grounds for forecasting a rise in the monetary base by 14-18% compared to early 2011," reads the document, which was published in the Dzerkalo Tyzhnia (Mirror Weekly) newspaper.