KIEV, Feb. 10 – The hryvnia devaluation to UAH 8.70/$1 allows inflation in Ukraine to be kept at lower than 10%, according to Olena Scherbakova, the director of the chief monetary and credit policy department at the National Bank of Ukraine.

"The today's exchange rate allows inflation to be kept to single digits, and we expect that we'll be able to do this," she said at a briefing at the NBU on February 7.

Scherbakova said that inflation in January was 0.2%, and underlying inflation remained at 0.5%.