Premier claims there is need to relax monetary policy

14:14, 27.11.2012 1 min read

The government supports the relaxation of monetary policy to support economic growth and it believes that the inflation and foreign currency risks involved are acceptable, Ukrainian Premier Mykola Azarov said at the ninth congress of the Federation of Employers of Ukraine in Kyiv on Tuesday.

"We have a great chance to relax monetary policy. We're drawing up a set of measures and are realizing them practically at this moment to stir up money circulation in the country and improve the conditions of work of our business on the domestic market," the premier said.

He said that the said policy would not cause growth in inflation.

"We believe there are certain risks. However, the risks are acceptable compared to the necessity of the economic growth. It's obvious that there are ways to support the stability of our currency exchange rate and synchronously boost the volumes of crediting of our economy," he said.