Head of the Cabinet of Ministers Oleksiy Honcharuk and Governor of the National Bank of Ukraine (NBU) Yakiv Smolii have signed a memorandum of cooperation to achieve sustainable economic growth and price stability.

According to the memorandum, the NBU will continue to pursue a monetary policy aimed at reducing inflation to the target of 5% with an acceptable deviation range of +/- one percentage point. For its part, the government has undertaken to support the reduction of inflation to 5% by conducting a balanced economic policy.

"In the memorandum, we fixed the steps that will be coordinated both by the NBU and the Cabinet," the banker said when signing the document.