PM believes macroeconomic stability in the country directly hinges on political stability and further reforms

posted 29 January 2016 17:32

Macroeconomic stability in the country directly hinges on political stability: "The responsibility of all professionals both of the Government and central bank, as well as MPs, is to continue the path of reform, which Ukraine began 24 months ago," emphasised Premier Minister of Ukraine Arseniy Yatsenyuk at a meeting of the Financial Stability Council on Friday, 29 January.

Arseniy Yatsenyuk stressed that one of the key elements of achieving financial stability is the implementation of the steps stipulated by the program of cooperation with the International Monetary Fund, World Bank, European Bank for Development and Reconstruction, European Investment Bank and the EU: "These steps are difficult, but this is the only recipe of how to achieve economic growth for Ukraine."

The Prime Minister called price stability, i.e. low inflation, among the key goals for 2016, "This can be achieved both by means and methods which are in the hand of the Government of Ukraine and the monetary policy of the central bank of the country. Prices should be within scheduled parameters for 2016," highlighted Arseniy Yatsenyuk, noting the importance of exchange rate stability.