Ukraine inflation could be 17-19% in 2014 - NBU chief

Ukraine inflation could be 17-19% in 2014 - NBU chief:



"Ukrainian inflation in 2014 could speed up to 17-19% due to the hryvnia devaluation and the rise in regulated tariffs, said Valeriya Gontareva, the head of the National Bank of Ukraine (NBU).



The NBU is switching to flexible exchange rates with inflation targeting, a policy that is new for the country, she said via video link at an investment conference in London organized by Concord Capital, an investment firm.



At the same time, Gontareva said that flexible-rate policy should not be confused with hryvnia's real convertibility, the prospect of which is measured by years, and the transition to the inflation-targeting policy will be gradual, taking approximately 12 months."



'via Blog this'