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Investing.com -- Bank of England Governor Andrew Bailey on Friday praised the Ukrainian central bank’s commitment to focus on price stability once security threats decrease, calling this approach both credible and critical.
Speaking at a research conference in Kyiv during his first visit to Ukraine’s capital, Bailey acknowledged the Ukrainian central bank’s public statements about their future monetary policy direction.
"You have been very clear in public that after the security risks abate and appropriate macroeconomic conditions are established in place, you will return to conventional inflation targeting," Bailey said in his remarks at the conference.
The Bank of England governor expressed confidence in Ukraine’s monetary policy plans, adding: "It is a very clear commitment to get back to the established regime. And it is being done in a way that is not only critical but it also - to my reading - is credible."
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