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The President of Ukraine reflects on ways to hold inflation in check

Other News Materials 9 October 2006 13:51 (UTC +04:00)

(ForUm) - Victor Yushchenko thinks the growing Consumer Price Index can trigger inflation by the end of this year and thus demands that the government and the National Bank of Ukraine use all available economic instruments to keep inflation down to the anticipated rate of 10 per cent. However, he insists that prices must not be set by the state, the president press office reports.

The President also recommends that the government simplify mechanisms of registering subsidies for those who cannot pay their utility bills, reports Trend.

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