KIEV, Aug. 28 – The National Bank of Ukraine plans to reach its medium outlook inflation target (5% in 2019) by reviewing the key interest rate.

This is stipulated in proposals on the fundamentals of monetary and credit policy for 2016-2020 approved by NBU decree No. 541 of August 18, 2015 which has been posted on the regulator's website on Thursday.

The central bank said that depending on the surplus or deficit of the banking system, the key rate will be the rate for liquidity provision transactions (for example, refinancing rate) or the rate on sterilization transactions (for example, holding tenders to place NBU's deposit certificates).