KIEV, Feb. 26 – A transfer to inflation targeting would allow the National Bank of Ukraine to efficiently fight inflation and provide better conditions to support macro-economic stability, Balazs Horvath, resident representative of the International Monetary Fund in Ukraine, said in an interview with the Dzerkalo Tyzhdnia weekly newspaper published last week.

Inflation targeting foresees the publication of an expected level of inflation with further maintenance of the planned figure by the NBU, with the help of discount rate and other monetary mechanisms, he said, noting that the existing exchange rate targeting mechanism would be replaced.