NBU Returns to Inflation Targeting: How This Will Affect the Exchange Rate and Prices

During an online lecture on monetary policy, Sergiy Nikolaychuk from the National Bank of Ukraine discussed important aspects of management in times of crisis. Since 2015, when inflation targeting was introduced, the NBU's monetary policy has undergone significant changes. Even during the Russian invasion of Ukraine, the bank was able to temporarily deviate from its principles but remained stable.

According to Nikolaychuk, the National Bank's commitment has tangible results, namely stable inflation and financial stability. The next step for the bank is to return to inflation targeting with the aim of achieving a target index of 5%.

In the future, the NBU faces the task of maintaining trust and effectiveness in conditions of uncertainty. The bank promises to focus on ensuring price stability, adapting its strategies to new circumstances.