On 15 November 2011, a public session of the Board of the National Bank of Ukraine chaired by Sergiy Arbuzov, took place.

The Board members and other experts of the National Bank of Ukraine participated in the session. In particular, the following officials delivered keynote statements:

Yurii Kolobov, First Deputy Governor of the National Bank of Ukraine;

Ihor Sorkin, Deputy Governor of the National Bank of Ukraine;

Vira Rychakivska, Deputy Governor of the National Bank of Ukraine;

Olena Shcherbakova, Director of General Department of Monetary Policy;

Viktor Nesterenko, Director of General Department of Money Circulation Regulation.

"Today we are holding a public session of the Board of the National bank of Ukraine as we wish to emphasize that the National Bank of Ukraine is taking further steps towards becoming a more transparent organization and we are ready for communication. Today we are going to listen to the keynote statements delivered by the Bank’s senior officials that will address the key economic issues,” noted the NBU Governor.

Sergiy Arbuzov also remarked that the available ten-month data would allow preliminary conclusions about the economic situation in the state to be drawn.

"We observe a gradual decline in inflation and GDP growth as the main indicator for the development of the economy. Thus, GDP has grown by 5.5% over 10 months. The inflation rate stands at 5.4%, with the Government’s inflation target of 8.9%. This indicator is expected to reach 7.5% by the end of the year," noted the Governor of the National Bank of Ukraine when opening the session.  

During the session, the participants delivered statements on many issues, including the state of the monetary policy pursued by the National Bank of Ukraine, situation in the banking system and further intentions of the National Bank of Ukraine to enhance banks’ credibility, commencement of the NBU program to mine gold in Ukraine, intensification of activities with regard to buying-up of gold from the population,  use of monetary policy instruments in the current context, issuance of investment coins of Ukraine, etc.