National Bank Governor Yakiv Smolii has stated that Ukraine completed 2018 with the highest GDP growth in seven years and the lowest inflation in five years.
Speaking at a Kyiv press conference on Wednesday, January 16, he noted that the country had managed to achieve high macroeconomic indicators, Obozrevatel reports.
"GDP growth over the nine months is 3.8%. Our forecast for the end of 2018 is 3.4%, which is the best indicator in the last seven years. We also managed to achieve inflation reduction to 9.8%, the best indicator in the last five years," the NBU chief said.
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According to Smolii, it is equally important that the NBU has increased foreign-exchange reserves to $20.8 billion, the highest figure since the end of 2013.
"This was achieved due to a weighted policy of flexible exchange rate formation and the National Bank's interventions (a positive balance of almost $1.4 billion), as well as continued cooperation with the IMF ($1.4 billion) and other financial institutions (another $1 billion).
