“A new NBU strategy: another inflation targeting?”, Vasyl Yurchyshyn (Razumkov Centre, Ukraine)

The National Bank of Ukraine presented a new Strategy of implementing the post-war monetary policy and its own development. Of course, the main declared tasks of the Strategy are financial stability and restoration of the country. For this reason, 5 lines are named, intended to ensure stability of the national currency, usage of the financial system for the country restoration, institutional strengthening of the central bank, etc.  

However, the present period and the recovery process require wider goals and objectives. It is not enough to care about “return to inflation targeting” or “efficiency and customer-oriented cash circulation”, or other really important tasks and functions. As before, the most important thing is missing: the NBU’s willingness to share responsibility for economic growth with the government. 

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