KIEV, Aug. 28 – The impact of interest rate policy on the state of the monetary and credit market is falling, and this is prompting the National Bank of Ukraine to focus on the quantitative parameters of cash supply.

"The use of interest rate policy instruments today does not give a chance to substantially impact on the state of the monetary and credit market… In the present conditions, NBU focuses on the quantitative parameters of cash supply and not on the indicators of money value during the implementation of functions on provision hryvnia stability," reads a posting on the NBU's Web site.