Looking ahead, the Bank forecasts:

Friday, July 23, 2021

“After peaking in the fall of this year, inflation will begin to slow as the new harvest arrives and global energy prices adjust.” In the second half of 2022, inflation will slow to 5%, the Bank has predicted.

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Politics also may have influenced the interest rate hike.

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The central bank now predicts that Ukraine’s inflation will peak this fall at 11%, then recede to 9.6% for 2021.

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