NBU: Consumer inflation expected to decline to 8.9%

NBU: Consumer inflation expected to decline to 8.9%

Consumer inflation in Ukraine is expected to gradually decline to 8.9% by the end of the current year.

Chairman of the National Bank of Ukraine (NBU) Yakiv Smoliy stated this during a briefing, an Ukrinform correspondent reports.

“The effect of the tight monetary policy has been the strongest in the exchange rate channel, with the hryvnia having strengthened since the end of January 2018. Consumer inflation will continue to decline gradually. In line with the NBU forecast, it will make 8.9% as of the end of 2018 and will return to its target range in mid-2019,” said Smoliy.

However, he noted that this forecast will remain relevant only if its key assumption is implemented, which is the sustained progress in structural reforms, particularly under the IMF’s Extended Fund Facility.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: