KIEV, Nov. 23 – The monetary policy of the National Bank of Ukraine is to be aimed at cutting inflation and devaluation pressure, reads a monetary survey of the NBU.
"When regulating the monetary and credit market, the NBU will conduct a flexible and weighted monetary and credit policy aimed at cutting inflation and devaluation pressure, and support the liquidity of the banking system," reads the document, posted on the NBU's Web site.
The report says that cooperation with the International Monetary Fund (IMF) under Stand-By Arrangement (SBA) foresees retaining underlying inflation in 2010 in single digits (in January-October 2010 it was 6.5%) and a raising the monetary base by 15.4% (13.6%).
|