Government of Ukraine Plans to Achieve Lower Inflation in 2011
OREANDA-NEWS. December 30, 2010. The Government aims next year to achieve lower inflation, which reduces lending rates in the industry and the economy as a whole. The Prime Minister of Ukraine Mykola Azarov said that at a press conference for central and regional media.
"And if this year the Government, for example, reaches annual inflation rate less than 9%, then next year it will eager to make the inflation even lower, and most important is to make the level of existing effective lending rate in the economy not to exceed 10-11%" - Mykola Azarov said, expressing belief that in such a way covering 2-3 years the Government will reach a "normal level of value for money at which our economy will start to grow."
"The fight against inflation, bringing it to an acceptable European level is the strategic task" - the Prime Minister stressed.
According to the Head of the Government, for 11 months of 2010 the inflation rate made 8.2%.
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