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NBU plans to keep inflation at 19%

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NBU plans to keep inflation at 19%

The National Bank of Ukraine is planning to keep inflation at 19%, announced Director of the NBU General Monetary Policy Department Olena Shcherbakova at a press conference in Kyiv.

“Our forecast for this year’s inflation is 19%. Today it reached 14%. The ratings may be different but now inflation is within the range of 19%. The ratings were coordinated by the National Bank and International Monetary Fund, and now we are moving in this direction,” she said.

“I would not want to voice any expectations, as these are only expectations yet. We need to receive the statistics for August and look at the problem as a whole,” specified Shcherbakova.

As a reminder, inflation in Ukraine increased to 0.8% in August 2014 compared with 0.4% inflation in July 2014 (not taking into account the temporarily occupied territories of Crimea and Sevastopol), according to the State Statistics Service. By December 2013 inflation amounted to 12.9%, by August 2013 – 14.2%.

As Capital reported, earlier NBU informed that in 2015 the NBU Council expects 9% inflation and 1% GDP growth.

Source: RBC-Ukraine
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