The National Bank of Ukraine (NBU) has improved its inflation forecast for 2020 from 4.7% (in the July forecast) to 4.1%, while worsened it for the next year from 5.5% to 6.5%. “Considering the weak dynamics of consumer prices in Q3, the NBU has revised its annual inflation forecast downward, to 4.1%… Consumer inflation will … Read more
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 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 inflation slowing in Ukraine in 2019 has turned out to be more significant than it was projected in the forecasts of the National Bank of Ukraine (NBU) published in inflation reports within 2019 (6.3% as of late 2019) and assessments of other expert organizations, the regulator has said in comments on inflation on its … Read more
Real GDP growth in Ukraine in 2019 will slow down to 2.5%, and in 2020-2021 will accelerate to 2.9% and 3.7% respectively, the National Bank of Ukraine (NBU) has affirmed its forecast. According to its data, the estimate of inflation for this period also remained unchanged: 6.3% this year and 5% in each of 2020-2021. … Read more
The National Bank of Ukraine (NBU) believes that the forecast of slowing inflation in 2019 to 6.3% from 9.8% in 2018 announced in October 2018 is realistic. “Inflation will continue to slow down gradually. As before, the NBU expects that it will fall to 6.3% by the end of 2019 and by 5.0% by the … Read more
The growth of consumer prices in Ukraine in 2018 slowed to 9.8% compared with 13.7% in 2017, the State Statistics Service of Ukraine has reported. As reported, the inflation growth rates in the previous years were as follows: 12.4% in 2016, 43.3% in 2015, and 24.9% in 2014. In December last year, inflation was 0.8% … Read more
The refinancing rate rise shows that the NBU remains focused on sustainably reducing inflation as part of its planned shift towards inflation targeting and commitment to preserving improvements in the country’s macroeconomic and financial stability, Fitch Ratings analysts have said. “Thursday’s rate rise shows that the NBU remains focused on sustainably reducing inflation… An independent … Read more
The growth of consumer prices in Ukraine in 2017 accelerated to 13.7% compared with 12.4% in 2016, which, however, is significantly lower than in the past years: it was 43.3% in 2015 and 24.9% in 2014, the State Statistics Service of Ukraine reported on Tuesday. In December 2017 alone, inflation was 1% against 0.9% in … Read more
The Cabinet of Ministers of Ukraine during the development of the draft law on the national budget of Ukraine for 2018 approved amendments to the main forecast indicators of economic and social development for 2018-2020, according to the website of the Ministry of Economic Development and Trade. According to the ministry, the consumer price index … Read more