KIEV, July 8 – Ukraine's Ministry of Economic Development and Trade is not expecting the further devaluation of the hryvnia and an increase in the rate of inflation growth in the current year, Minister Pavlo Sheremeta has said at a briefing in Kiev.

"There was the effect of devaluation, which strongly influenced the rate of inflation. As we are not expecting the further devaluation and rely on the effectiveness of measures to reduce the budget deficit, I as an economist expect the deterrent effect on the economy, which should lead to the decrease [in the rate of growth] of inflation," he said.