KIEV, Dec. 9 – The National Bank of Ukraine should expand the money supply to fight the risk of an overly slow economic recovery, according to Valeriy Lytvytsky, the head of the group of advisors to the NBU's governor.

"The key macroeconomic risk is still the threat of recession in the economy. Inflation is slowing, and this creates preconditions for a certain liberalization of interest rate and refinancing policy. The relevant NBU resolution is being drawn up. The NBU governor supports a stimulation policy," he said on Wednesday.