IMF backs Ukraine’s monetary policy and need to lower inflation expectations

By Yuka Obayashi Posted on January 28, 2022

FILE PHOTO: The IMF logo is seen outside the headquarters building in Washington

KYIV (Reuters) – The International Monetary Fund backs the Ukrainian central bank’s monetary policy and the need to lower inflation expectations, the IMF representative in Ukraine Vahram Stepanyan told an online forum on Friday.

Ukraine’s central bank raised its main interest rate to 10% from 9% in January to try to tackle persistently high inflation and the economic fallout from a standoff with Russia.

(Reporting by Natalia Zinets; writing by Matthias Williams; Editing by Toby Chopra)