Exchange rate stability will continue to be observed in Ukraine, head of the group of advisors to the governor of the National Bank of Ukraine Valery Lytvytsky told a press conference, ForUm correspondent reports.

He noted that the National Bank is pursuing correct and effective exchange rate policy. "The course is not fixed, it is floating, but floating is controlled. That is, the central bank intervenes in the situation, when it sees that it goes beyond safety for businesses and citizens," he said.

Lytvytsky stressed that the NBU effectively uses mechanisms to counter currency speculators.

Also, according to him, the recent slight fluctuation will not affect the overall situation. "We do not expect 2-3 day rate fluctuations of 2-4 kopecks to affect price acceleration," the financier said.
In addition, Lytvytsky predicts that 2013 may end with the same financial performance, as 2012, when deflation made up 0.2%. "We need to keep the price stability trend," he said.

In addition, the expert stressed that the national currency stability is promoted by effective cooperation between the government and the NBU. "There is a very strong co-ordination, and that has stabilizing effect on the exchange rate and inflation," he concluded.


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