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Title
MONETARY POLICY.
Abstract
The article offers a forecast on the monetary policy of Ukraine. It is noted that NBU reserves will increase by 11 percent over January to May 2007. It is indicated that the gap between foreign currency deposits and currency loans will continue to grow by the end of May 2007. It is also noted that the exchange rate of UAH/USD will not fluctuate significantly throughout the year, however the hryvnia will gradually depreciate to UAH 5.30/USD in 2008 and will stabilize at a new level in 2009.