Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Sologub says the central bank’s tighter monetary policy will help to curb inflation to 5% by the end of 2020.
“A tighter monetary policy will help to return inflation to the target range in the second half of 2019 and reduce it to 5% at the end of 2020,” the NBU’s press service quoted Sologub as saying.
According to him, the tighter monetary conditions will have a deterrent effect on the country’s economic growth. However, such regulatory policy is a forced measure for a gradual reduction in inflation. (UNIAN/Business World Magazine)