KIEV, April 8 – The acceleration of inflation in March to 1.4% from 0.9% in February poses no threat to macroeconomic stability, according to of the National Bank of Ukraine Chairman Serhiy Arbuzov.

"Despite certain pessimistic forecasts, the first quarter of 2011 saw the invigoration of economic dynamics…Certain acceleration of inflation in March poses no threat to macroeconomic stability and accordingly to economic growth," a statement posted on the NBU's official Web site quotes Arbuzov as saying.

According to the statement, the NBU assesses the real GDP growth in February by more than 6%. What is more, businesses' expectations of further economic growth are improving.