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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.
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).