Ukraine's monetary policy will toughen in 2002

UKRAINE - Chairman of the board of governors of the National Bank of Ukraine Anatoly Halchynsky warned on 4 January against overly optimism with regard to the 6.1% inflation rate for 2001, stressing that, given the present conditions in Ukraine, the NBU board of governors will be forced to take compensatory measures and pursue a more rigorous monetary policy in 2002.

According to a report, Mr. Halchynsky said that in December 2001 inflation went up considerably. The situation is further aggrav

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