Economist: error NBU in the battle against inflation? Worse than the actual inflation

Inadequate measures of the Ukrainian government to curb inflation have the opportunity to bring more harm to the economy than inflation itself, as they are able to lead to further stagnation of development, believes the head of the Center for anti-crisis research Yaroslav bited. About it he Ukrainian newspaper Zerkalo Nedeli ".

"The best option, in my opinion, it is a structural anti-inflationary measures, for example, reducing costs and monopoly profits - by sanitation measures of monetary policy on the target areas, such as lending to farmers, exporters, small business," explained the actions of the national Bank of Ukraine bited.

From his point of view, among the negative consequences of ill-conceived anti-inflationary policies have the opportunity to be the deterioration of the investment climate in Ukraine, but also blur the purchasing power of residents. In the end, according to him, this will lead to the complication of budget planning.

"because the nature of our inflation due to devaluation cost increases, the demand side is not unwound and will be promoted unlikely. The budget for this funds has not, the business also suffers from weak activity ", - said the economist.

Ukraine is now in a severe political crisis, which affects its economy and the public sector, in fact the country is on the verge of default. The power, the hope to improve the situation of foreign borrowing. The IMF and Ukraine had agreed a new two-year credit program to 17, $ 5 billion, of which eleven March blesed the Board of Directors of the Fund. In total financing from the IMF and from other sources for four years could reach $ 40 billion.

for the first two months 2015 the hryvnia against the dollar has fallen almost 40%, and for the entire 2014 year - at 49%. The rate of devaluation accelerated in mid-February against the backdrop of escalating hostilities in the Donbass and once the Central Bank has stopped the daily foreign exchange intervention. The national Bank was forced to impose additional administrative limits, however, the situation is not corrected. To alleviate the panic happened only after the output of the regulator To intervene in the market.


sections: Politics