The Bank for International Settlements has posted to its website a guest lecture by NBU First Deputy Governor Sergiy Nikolaychuk about the journey the NBU has gone through since introducing inflation targeting in 2015.
The lecture covers:
- context and conditions under which the decision to introduce inflation targeting was made
- main steps the central bank took to build a new monetary policy framework
- outcomes of implementing the inflation-targeting regime
- key lessons learned from applying this regime.