KIEV, June 2 – The policy to be pursued by the Ukrainian authorities will be aimed at lowering inflation in 2009 to 16% from 22.3% in 2008, reads a clause of the memorandum of economic policy sent to the International Monetary Fund, said Ihor Shumylo, the National Bank of Ukraine's executive director for economic issues.

"This is quite a realistic figure, [and] it could be even lower," he told reporters in Kiev on Tuesday.

The Ukrainian president, the premier and the central bank governor signed the memorandum, he added.