NBU expects inflation will not exceed 5% in 2012

13.03.2012 17:28 "Agro Perspectiva" (Kyiv) — As NBU Governor Serhiy Arbuzov said, the National Bank of Ukraine (NBU) will not print money to implement a mortgage lending program. Instead, the NBU promises to fight inflation, which, it predicts, will not exceed 5%. Arbuzov said that the slow pace of inflation would help the government implement President Viktor Yanukovych’s home loan program. He also noted that price dynamics currently gives grounds to expect that by the end of this year the consumer price index will not exceed 5% (December to December). As reported, in February 2012, inflation amounted to 0.2% for the third consecutive month. Inflation in 2011 dropped to a historic low since Ukraine’s independence — to 4.6%.

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