Government of Ukraine Supports Watering-Down of Monetary Policy
OREANDA-NEWS. November 29, 2012. The Government supports the watering-down of the monetary policy, which will attract additional resources for lending the real sector of the economy and contribute to its growth. This was started by Prime Minister of Ukraine Mykola Azarov, speaking at the IX Congress of the Federation of Employers.
"We have significant opportunities for watering-down of the monetary policy to facilitate the operation of our business in the domestic market. We complete the development of a set of activities and are beginning to implement them to enhance the circulation of money in the country", Mykola Azarov said.
However, he assured that the easing of monetary policy will not lead to inflation and will not affect the stability of the exchange rate.
"We think that there are certain risks, but these risks compared to the need of economic growth are admissible, that is, we are able to maintain the stability of our currency and at the same time increase the volume of lending to the economy", the Prime Minister said.
Mykola Azarov said that the government takes the position of the maximum non-interference in the affairs of business. "Preliminary decisions on tight monetary and monetary policies adopted in the destabilization of the currency market, but now the balance of payments is aligned and, of course, all of these measures will be canceled", he said.
Комментарии