Information Insights into Effective Monetary Influence on the Economy as a Basis for Sustainable Development

Abstract

This article examines the impact of monetary policy on Ukraine's economy and its role in ensuring sustainable development, re-evaluating the priorities of the last decade. Based on statistical data from the National Bank of Ukraine (NBU) and correlation-regression analysis of the links between the hryvnia exchange rate and key macroeconomic indicators (inflation, export/import, money market indicators), a critical assessment of monetary policy was conducted. The study reveals that the NBU's policy during 2014-2024, particularly the transition to inflation targeting and currency liberalization, not only failed to achieve stabilization goals but, at times, triggered destructive processes. It is argued that exchange rate stability is not merely an indicator but a fundamental basis for confidence in the national currency and the banking system. Maintaining a stable exchange rate is proposed as a priority goal for the central bank, especially under wartime conditions, to mitigate devaluation expectations, support macro-financial stability, stimulate lending activity, and promote post-war economic recovery, which is a prerequisite for sustainable development.