IMF upbeat on Ukrainian monetary policy

UKRAINE - The International Monetary Fund has approved the monetary policy of the National Bank of Ukraine because it enabled Ukraine to maintain stable prices and keep the low inflation rate, the head of the IMF mission in Ukraine, Emanuel van der Mensbrugghe, said Monday.

Completing his two-week visit to Ukraine, he said that high demand for money had made up for the high tempo of the monetary base growth, which made it possible to avoid negative inflation consequences, Interfax-Ukraine news

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