Litvitsky: National Bank's time to consider interest rate policy

The April price statistics raises the front of the National Bank of Ukraine (NBU), the question about interest rate policy, the head of advisory group to the head NBU Valery Litvitsky. "From my morning conversation with the head of the NBU, I realized it was time to consider this issue. It's time to look at the situation with interest rates ... As I understand it, it does not go on increasing or decreasing. Need to scrutinize the question, "- he said during a press conference on Wednesday." A month or two year consumer deflation could theoretically withdraw timetable consumer prices of 2010 and 2011 at the height of siblings. Consequently, there is still a chance for a very powerful additional anti-inflation efforts have for the year consumer price inflation below 10% and even at the level of the budget benchmark 8.9%, "- added Litvitsky. In this case, the head of group of advisers NBU said that inflation is already become the dominant risk to the majority of the world, including USA, China, European Union and Russia: the rise in prices of fuel and food is an international problem, whose influence in Ukraine intensified. It was reported that the current value of the discount rate (7.75%) is held in unchanged from the August 10, 2010. rate, on loans, "overnight" on the security of government securities and unsecured (9.25% and 11.25%) have not changed since October 8, 2010. In September 2010, National Bank head Volodymyr Stelmakh said that the rate of core inflation is the main reference point for determining the discount rate. Core inflation in Ukraine in April 2011 in annual terms (relative to the same month last year) rose to 7.3% from 7% at the end of March. Inflation in Ukraine in April 2011 in annual rose to 9,4% from 7,7% at the end of March. The increase in producer prices in annual terms in the results of April-2011 accelerated to 20,8% from 20,3% in the March 2011. The government expects inflation in 2011 will slow to 8,9% from 9,1% in the previous year. On materials the Interfax-Ukraine