KYIV, Feb 10 – Easing monetary policy would be an effective way to respond to rapid appreciation of the hryvnia against the U.S. dollar over the past several years, the National Bank of Ukraine said in a report.
The policy, which is expected to be in effect in 2020-2022, would stabilize the exchange rate an will keep consumer inflation within the targeted levels, the NBU said.
"The real effective exchange rate of the hryvnia will be relatively stable in 2020–2022, on the back of low inflationary pressures and an eased monetary policy," the NBU said in its inflation report.
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