21 August 2017
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NBU head pledges measures to lower inflation to 5% by 2019

Governor of the National Bank of Ukraine (NBU) Valeria Gontareva says that the NBU intends to complete the transition to an inflation targeting regime by the end of 2016 and inflation may go down to 5% by 2019.

"The [NBU] board has prepared a monetary policy strategy for 2016-2020 for consideration by the NBU Council, under which inflation is expected to go down to 5% by 2019," she said at a briefing on Thursday.

As UNIAN reported earlier, the NBU decided to cut the refinancing rate from 30% to 27% as of August 28.

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