The consumer price index in 2021 may grow by 6.5%, whereas earlier it was predicted to grow by 5.3%, Head of Macroeconomic Research of Investment Group ICU Serhiy Nikolaychuk has said. “In the fourth quarter, year-over-year inflation will return to the NBU target range. We will end the year at 5.3%, according to our forecast. … Read more
The decision to partially buy back GDP warrants issued during the restructuring of Ukraine’s external debt in 2015 is aimed at reducing payments from the state budget, which next year should amount to $40 million, and for the entire circulation period of these securities may exceed $22 billion by 2040, Finance Minister Serhiy Marchenko has … Read more
Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B’ with a stable outlook, the rating agency said on its website. “The ratings of Ukraine reflect its credible macroeconomic policy framework that had lowered inflation and narrowed fiscal deficits prior to the coronavirus shock, and a record of multilateral support. These … Read more
The Board of the National Bank of Ukraine (NBU) decided to keep the key policy rate unchanged at 6%, the central bank said on its website on Thursday. “The NBU Board has decided to keep its key policy rate at 6% per annum. Maintaining a loose monetary policy will support economic recovery amid moderate inflation … Read more
The Ministry of Economic Development, Trade and Agriculture of Ukraine improved the inflation forecast for 2020 to 5.9% December over December, while in the macroeconomic forecast approved in March, this indicator was at the level of 11.6%, according to the forecast of the socio-economic development of Ukraine for 2021-2023. According to the document, this year … Read more
The Cabinet of Ministers of Ukraine no longer restricts the export of personal protective equipment, Deputy Minister of Economic Development, Trade and Agriculture, Trade Representative of Ukraine Taras Kachka said. “The ban on the export of personal protective equipment has been lifted. This is the last export ban that has been in effect due to … Read more
The Cabinet of Ministers of Ukraine has approved the economic and social development forecast of Ukraine for the next three years, according to which growth of GDP in 2021 will be 4.6% with inflation of 7.3% and in 2022, GDP would grow by 4.3% with inflation of 6.2%. An Interfax-Ukraine correspondent has reported that the … Read more
The Board of the National Bank of Ukraine (NBU) has retained the refinancing rate at 6%, the central bank said on Thursday. “The Board of the NBU has decided to keep the refinancing rate unchanged at 6% per annum. On the one hand, it will keep prices from growing under conditions of economic recovery in … Read more
The Verkhovna Rada of Ukraine has extended the moratorium on the collection of property on foreign currency loans. According to a correspondent of Interfax-Ukraine bill No. 3640 was supported by 349 MPs. The head of the committee on finance, tax and customs policy said that the current moratorium will end in October 2020. Earlier, the … Read more
The forecast of an 8.2% drop in Ukraine’s gross domestic product (GDP) in 2020 is due to a weak stock of savings of Ukrainian households and limited fiscal support to the economy, IMF Resident Representative in Ukraine Goesta Ljungman has said. There are two factors why Ukrainian GDP is falling more than in other countries: … Read more