KYIV, June 12 - Ukraine's cooperation with the International Monetary Fund (IMF) removes the need to tighten monetary policy, deputy head of the central banker Oleh Churiy said.

He also said a noticeable slowdown in inflation is necessary to move to reducing the refinancing rate.

"If the reforms are implemented, cooperation with the IMF will continue, while inflation will decrease in accordance with our current forecast. We will have the opportunity for currency liberalization and maintaining the current refinancing rate at the current level," he said at the joint conference of ICU and Bloomberg "Opportunity Knocks - Ukraine Local Bond Market Conference" in London.