Stelmah sees additional inflation risks

13:06, 30 June 2009
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Excessive monetarization of interior state loan creates additional inflation risks.

Chairman of the National Bank of Ukraine Volodymyr Stelmah said this in “interview to Zerkalo Nedely”.

“As of today the National Bank of Ukraine refrains from monetarization of capital issues of the government, because it really creates additional inflation risks”, he said.

According to words of V. Stelmah, the NBU recommends the government to use the state banks not only for crediting of “Naftogaz Ukrainy” NJSC, but also for financing of target state programs.

Moreover, V. Stelmah reminded that target loan lines of the World Bank, which are not mastered for some reason, are open for Ukraine today.

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