Thursday, May 8, 2008

NBU, Government to continue hryvnia sterilization, says Turchynov

The National Bank of Ukraine (NBU) and the Cabinet of Ministers will continue sterilizing hryvnia money supply to slow down the inflation rate, Ukrainian First Deputy Premier Oleksandr Turchynov said at a briefing on Wednesday.

"The Government and the National Bank should not give cheap credit resources. We continue withdrawing the rest of financial hryvnia resources from circulation, so that there is no strong pressure on a rise prices," he said.