NBU sets main goal of cutting inflation to 5% per annum

UNIAN

The Council of the National Bank of Ukraine has approved amendments to the Main Principles of monetary policy for 2015, according to a posting on the Web site of the regulator.

The document notes that the current government's forecast for 2015 envisages three possible scenarios of inflation for this year - at the level of 26.7%, 38.1% and 42.8%, none of which can be used as a monetary policy target.

"Under such conditions, the main task of the [NBU’s] monetary policy for 2015 is to achieve the maximum possible reduction in the inflation rate in annual terms, preventing an upward trend in its dynamics, and creating the framework for achieving medium-term goals," the posting reads.