NBU plots path out of war economy

The National Bank of Ukraine
EU and Ukrainian flags outside the National Bank of Ukraine
Oksana Parafeniuk

The National Bank of Ukraine has laid out plans for an eventual return to the normal business of central banking, but admits it is printing money to cover the spiralling cost of repelling the Russian invasion.

In a document published on April 18, the central bank said it was committed to re-establishing its inflation-targeting regime, once the Ukrainian economy and financial system resume their “normal mode of operation”.

In the short term, however, the central bank is focused on keeping the

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