Government, NBU representatives discuss economic results for 2019

Representatives of the Cabinet of Ministers and the National Bank have discussed the results of the year 2019 for the Ukrainian economy and financial markets.
"The Government and the National Bank continue the tradition of dialogue within the Memorandum of Cooperation. Prime Minister of Ukraine Oleksiy Honcharuk and NBU Governor Yakiv Smolii have met to sum up the results of the year for the Ukrainian economy and financial markets," reads a report on the government’s official page on Facebook.

The meeting was also attended by NBU First Deputy Governor Kateryna Rozhkova, NBU Deputy Governors Dmytro Solohub and Oleh Churii, Finance Minister Oksana Markarova and Minister for Development of Economy, Trade and Agriculture Tymofiy Mylovanov.

"The participants discussed the state of the Ukrainian economy at the end of the current year, new agreements between Ukraine and Russia on gas transit and their impact on key macrofinancial indicators, and the expected revision of macroeconomic forecasts for the coming years," reads the report.

As reported, on December 16, the Cabinet of Ministers and the National Bank agreed to hold regular joint meetings to discuss monetary and economic issues. “Such coffee meetings” are of exceptionally coordinating nature and a platform for dialogue, not for decision-making.

The Memorandum of Cooperation between the government and the central bank of Ukraine stipulates joint efforts of institutions to ensure price stability as a necessary prerequisite for sustainable economic growth in Ukraine, which will contribute to improving the expectations of the population and business, in particular inflationary ones, and will increase investor confidence in the Ukrainian economy.