The NBU promises to keep the dollar exchange rate and inflation in Ukraine

2018-07-18 12:47:26
Machine translation
The NBU promises to keep the dollar exchange rate and inflation in Ukraine

on 16 July, the Council of the national Bank adopted the Strategy of monetary policy of the national Bank. It is expected to further the implementation of the inflation targeting regime. It is necessary to contain inflation that will create a sustainable macroeconomic development of the country. A new head of the NBU Yakov Smoliy, a strategy will keep key elements of inflation targeting. It provides the main objectives and received direction and what instruments would be used in the field of monetary policy in the medium term. This was announced by the head of the NBU Yakov Smoliy. According to the document, the inflation target should be 5% ± 1 p. p. Assumes the achievement of objectives until the end of 2019.

 

against the background of the growing deficit of foreign trade in goods, as well as uncertainty with a new program of IMF lending, the national Bank has a greater responsibility to curb the dollar in the short term.

 

an increase in the net export deficit for the period from January to may of the current year to $632 million when compared to the same period last year, it amounted to $2,055 billion, in particular export of goods from Ukraine for 5 months against the same period last year grew by 12.9% to $19,46 billion, import – by 15.3%, to $21,515 billion.

 

Foreign trade was conducted with partners from 210 countries of the world.

 

the exports of goods from EU countries grew by 21.3% to $8,193 billion, imports from EU countries by 13.3%, to $8,914 billion.