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Deputy Economy Minister Kriuchkova Predicts Liberalization Of Central Bank's Rating Policy (13:05, Tuesday, May 6, 2008)

National Bank of Ukraine

Deputy Economy Minister Iryna Kriuchkova is predicting liberalization of the National Bank's exchange rate policy.

She said this in interview with the Kontrakty publication.

"We are standing on the threshold behind which the NBU will at last let the hryvnia rate float nearly freely within the forex corridor. There is no other way out, and everybody realizes that," Kriuchkova said.

She also noted that business banks started complaining of problems over liquidity, saying they have to raise credit rates, because resources are getting more expensive.

The deputy minister also spoke about inflation.

"Politicians should not speculate with inflation, artificially strengthening expectations," Kriuchkova said.

In her opinion, price jumps were often seen in the markets where there were no misbalances, and problems were artificially created for political purposes.

As Ukrainian News reported, central bank council head Petro Poroshenko says a sharp change of the hryvnia's official rate is inexpedient.



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