UNIAN
The task of the monetary policy set by the National Bank of Ukraine (NBU) in the medium-term is to reduce the inflation rate to 5% per annum, plus or minus one percentage point, the central bank has said.
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.