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Ukraine: easing of monetary policy will contribute to economic growth
29.11.2012 09:36 "Agro Perspectiva" (Kyiv) —
The Government supports the easing of monetary policy, which will attract additional resources for lending to the real sector of the economy and contribute to its growth. This was stated by Mykola Azarov, speaking on November 27, 2012 at the IX Congress of the Federation of Employers, Mykola Azarov Official Website reports.
«We have significant opportunities for easing monetary policy in order to facilitate the operation of our business in the domestic market. We complete the development of a set of activities and begin to implement them in order to enhance the circulation of money in the country,» Prime Minister said.
However, he assured that the easing of monetary policy would not lead to upturn in inflation and would not affect the stability of the currency rate.
«We believe 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 rate and at the same time to increase the volume of lending to the economy,» Head of the Cabinet said.
Mykola Azarov said that the Government took the position on the maximum non-interference in the affairs of business. «Preliminary decisions on tight currency and monetary policies have been adopted in the context of destabilization in the currency market, but now the balance of payments is fattening out and, of course, all of these measures will be abolished,» he said.
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