And finally, I would like to give an outlook on how communication can help renormalise monetary policy without causing any market disruptions in the process. 2 The significance of communication in monetary policy Just a few decades ago, central banks were still somewhat tight-lipped when it came to communication – you could almost say non-transparent.
The NBU has confirmed its ability to set and achieve its goals. The strengthening of the hryvnia was the key factor driving the rapid disinflation seen late last year. The currency appreciation offset the effects of robust consumer demand. How will consumer prices change further on? According to the NBU’s estimates, inflation continues to slow.