The Board of the National Bank of Ukraine Presents Proposals to the Monetary Policy Guidelines for 2018 and Medium Term to the NBU Council for Consideration
21.07.2017 16:56 | National bank of Ukraine
The Board of the National Bank of Ukraine has presented the Progress Report on the implementation of the Monetary Policy Guidelines and its proposals to the Monetary Policy Guidelines for 2018 and Medium Term to the NBU Council for consideration. Speaking during the presentation of the Progress Report and proposals, NBU Acting Governor Yakiv Smolii pointed out that in order to ensure the consistency of monetary policy it necessary to steer this policy toward bringing inflation down to target levels approved last year, notably to 6% by the end of 2018 and to 5% by the end of 2019 and thereafter. During the meeting, the participants held constructive discussions, at which Mr Smolii and Director of the NBU Monetary Policy and Economic Analysis Department Mr Sеrhii Nіkоlаichuk shared their vision on the future path path of monetary policy and answered numerous questions put by the NBU Council members, providing details regarding the implementation of an inflation targeting regime in Ukraine, monetary policy instruments used by the NBU, as well as unveiled the NBU’s economic projections and outlook. NBU Board‘s Proposals to the Monetary Policy Guidelines for 2018 and Medium Term are available at: https://bank.gov.ua/doccatalog/document?id=51942276. Presentation on the NBU Board‘s Proposals to the Monetary Policy Guidelines for 2018 and Medium Term:https://bank.gov.ua/doccatalog/document?id=51942273 Progress Report by the NBU Board on the implementation of monetary policy in H1 2017: https://bank.gov.ua/doccatalog/document?id=51942275. Presentation on the Progress Report by the NBU Board on the implementation of monetary policy in H1 2017: https://bank.gov.ua/doccatalog/document?id=51942274. Follow the discussion on the future path of monetary policy through the NBU’s special website “Debates: The Future Path of Monetray Policy: http://monetary-policy-debates.bank.gov.ua/. *In accordance with the Law of Ukraine On the National Bank of Ukraine, the NBU Council elaborates the Monetary Policy Guidelines on the basis of the NBU Board proposals, publishes them in the official editions and submits them yearly till 15 September to the Verkhovna Rada of Ukraine for referential use. |