Ukraine to give up tough monetary policy in 2013, Azarov tells foreign investors

15:39, 18.01.2013 1 min read

Ukraine will give up its tough monetary policy in 2013, Ukrainian Prime Minister Mykola Azarov has said.

"We are certainly unhappy about deflation. We will take a number of measures that will allow us to give up our tough monetary policy and pass to moderate inflation resulting from normal economic development," he said at a meeting with foreign investors in Kyiv on Friday.

The PM said that Ukraine ended 2012 with slight but positive GDP growth. The country's government expects to see 3% GDP growth in 2013.