National Bank of Ukraine heads for IT regime following clear-out of senior staff

stepan-kubiv

The National Bank of Ukraine (NBU) will this year put in place an inflation targeting framework, as a condition of the $27 billion rescue package agreed yesterday with the IMF and other international donors.

According to an IMF statement, the Ukrainian central bank floated the currency – the hryvnia – in February. It will now "target domestic price stability while maintaining a flexible exchange rate", the IMF said, which "will help eliminate external imbalances, improve competitiveness, support

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