Ukraine's monetary policy to aim at returning inflation to single digits in 2016, says IMF

14:56, 12.02.2015 1 min read

Ukraine's monetary policy will be aimed at returning inflation to single digits in 2016, reads an International Monetary Fund (IMF) press release.

"Monetary policy will be geared toward returning inflation to single digits in 2016 within a flexible exchange rate regime. To strengthen confidence in banks and improve their ability to intermediate credit and support economic activity, the authorities are moving ahead with a multi-pronged strategy to rehabilitate the banking system," reads the press release.

Finance Minister Natalie Jaresko said on Thursday that the government is working on preparing updated macroeconomic forecasts, including the new exchange rate benchmark.