KIEV, May 26 – It's expedient for Ukraine to increase its hryvnia exchange rate flexibility and take care of providing independence of the National Bank of Ukraine, according to Balaz Horvat, the IMF's permanent representative in Ukraine.

"The IMF has long argued that greater exchange rate flexibility is in the interest of Ukraine, not least for the better control over inflation that this will permit," Horvat said in an interview with Interfax-Ukraine on Saturday.