Date: 8 months ago   Category: Economy

The National Bank wants to reduce in a year inflation to 5%


The national bank will reduce an inflation indicator to optimum level in 5% a plus-minus 1 percentage point till December, 2019 then the indicator of target inflation in 5% will become constants or can be lowered.

According to the message, a target indicator of inflation in 5% corresponds to the fundamental bases of the economy of Ukraine.

Is noted that the target indicator can be lowered at decrease in volatility of a rate of hryvnia, the relative prices and easing of dependence of economy of Ukraine on economies of the countries trade partners.

as monetary tools for inflation regulation the National Bank will use discount rate, a corridor of rates on the credits overnight, tenders of refinancing and placement of deposit certificates, obligatory reservation and long-term refinancing.

of the NBU will also adhere further to policy of a flexible exchange rate, using currency interventions for smoothing of excessive fluctuations, replenishments of the international reserves and support of efficiency of monetary tools.

the Regulator together with the government will concentrate efforts for creation of macroeconomic prerequisites for low and stable inflation.

As was reported, consumer prices in Ukraine in July fell by 0,7% and for the first time in 11 months deflation has been recorded.

In annual measurement inflation was slowed down for 1% - up to 8,9% from 9,9%.

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