NBU explained why inflation targeting is a support for Ukraine

According to НБУ: This year at the workshop 'Monetary Policy in Emerging Market Countries' inflation targeting was discussed as a successful monetary regime, particularly relevant in conditions of uncertainty. The Head of the National Bank of Ukraine, Andriy Pyshny, emphasized that Ukraine's experience shows that crisis conditions can become a catalyst for the evolution of the monetary paradigm.

Participants of the event, including representatives of global and regional financial institutions and ministries, agreed on the main conclusions: the independence of central banks, the understanding of the flexibility of monetary policy, and the existence of common goals of price and financial stability.