Low inflation promotes the growth of real incomes of population, director of the General Department of monetary policy of the National Bank of Ukraine Olena Shcherbakova said, the official website of the NBU reports.

"During the year, the inflation rate has been consistently low, and as of today, it amounts to zero. Due to this inflation, we have noticed the growth of income by 12-13% in comparison with the first quarter of this year, when the figure was 10%. This, in turn, has a positive effect on the welfare of the country," Shcherbakova considers.

As for growth in population demand for foreign currency observed during the last two months, the director of the General Department of monetary policy noted that this is a common situation, which is observed annually during the summer.

Besides, she added that as a result of increase of income, a number of deposits grows. "Today, the deposit base shows the growth by 11% since the beginning of the year. This increases the resource base of the banking system, promotes the growth of deposit portfolio of banks and shows the confidence of the population, legal entities, business in the banking system of Ukraine, which is ready for normal loans and work in the ordinary course," Shcherbakova said.


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