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NBU: High growth pace boosts money supply more than expected
Journal Staff Report

KIEV, Oct. 30 - The pace of growth in the money supply for 2007 planned by the National Bank of Ukraine's (NBU) council could exceed forecast due to the high pace of macroeconomic growth and active growth in social expenses, the NBU said.

"The conducting of a more active social policy than was planned in early 2007 and the more active pace of macroeconomic growth [has caused] a certain acceleration in the pace of growth in the money supply and its constituents compared to previous forecasts," reads an NBU monetary review for Q3, which was posted on the official Web site of the National Bank.




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