The National Bank leaves its key policy rate unchanged at 25%. The NBU notes that inflation at the beginning of 2023 is slowing faster than expected but remains high. In February, it declined to 24.9% year-on-year. At the same time, it is noted that the duration ... #InflationinUkraine #KeyPolicyRate #nbu
The government has worsened its forecast for Ukraine’s 2023 GDP growth. The Ministry of Economy of Ukraine has worsened its forecast for the growth of the country’s GDP in 2023 from 3.2% to 1%, said Deputy Head of the Ministry of Economy Oleksiy Sobolev. He explaine... #GDPinUkraine #InflationinUkraine #OleksiySobolev
Inflation is slowing faster than the NBU expected. In January 2023, consumer inflation in Ukraine decreased to 26% annually and continued slowing in February. As well, a chart from the Macroeconomic and Monetary Review of the National Bank of Ukraine ... #InflationinUkraine #UkraineEconomy
Inflation in Ukraine will accelerate due to economic recovery and demand growth, said the Ukraine Ministry of Economy. “In the event that there is no destruction of critical infrastructure on a significant scale, it is likely that in the near future relatively restrained ra... #InflationinUkraine #UkraineEconomy
Ukraine’s budget deficit this year will be at least $40B. The IMF has estimated that Ukraine needs $40-48B in international financial support this year, the head of the International Monetary Fund, Kristalina Georgieva, said at the World Government Summit in... #InflationinUkraine #KristalinaGeorgieva #UkraineBudgetDeficit
The year in Ukraine began with an inflation slowdown. Consumer prices in Ukraine in January 2023 compared to January of last year increased by 26%, which is less than the annual inflation a month earlier (26.6%), according to the State Statistics Service... #InflationinUkraine #pricesinUkraine
The prime rate will not change before the end of the year. Most of the NBU’s Monetary Policy Committee members are considering keeping the discount rate at 25% at least until the first quarter of 2024. However, some board members assume that the key rate redu... #InflationinUkraine #KeyPolicyRate #nbu #UkraineMonetaryPolicy
Prices in Ukraine this year will grow at the same pace as last year. In 2023, it should not be expected to see a slowdown in the growth of consumer prices because inflation in Ukraine will be similar to the previous year’s rate, when it reached 26.6%, according t... #InflationinUkraine #pricesinUkraine #UkraineEconomy
Fitch Ratings forecasts the growth of Ukraine’s economy in 2023. The American rating agency Fitch forecasts Ukraine’s GDP will grow by 2% in 2023, as the war prevents the return of large numbers of refugees or large-scale investment, and power outages create ... #FitchRatings #InflationinUkraine #UkraineEconomy #UkraineGDP
The expectations of bankers and financial analysts regarding the hryvnia exchange rate and inflation have improved. According to the National Bank of Ukraine, bankers forecast the hryvnia exchange rate over the next 12 months at UAH 42.70/$1. In October, they expected an exchange rate to be slightly higher at UAH 4... #hryvniaexchangerate #InflationinUkraine #nbu
The IMF updated its estimates for GDP and inflation in Ukraine in 2023. In 2023, Ukraine’s economy may grow by approximately 1%, and inflation and the state budget deficit will decrease, according to a memorandum within the framework of the IMF’s new monitorin... #GDPUkraine #InflationinUkraine #UkraineEconomy
A gap between the financial contributions of Ukraine’s allies and its financial commitments complicates the state budget deficit. The first quarter of 2023 is currently the most difficult challenge for Ukraine as far as covering the budget deficit due to the big difference between partners’ commitments to financial support and t... #InflationinUkraine #nbu #SerhiyMarchenko #UkraineBudgetDeficit
The IMF has published economic forecasts assessments for the coming years. According to 2022’s results, Ukraine’s GDP will decrease by approximately 35% states an IMF report on Ukraine. It is noted that the war has continued for longer than expected, but on the other h... #GDPinUkraine #IMFeconomyForcast #InflationinUkraine
The NBU leaves Its key policy rate unchanged at 25%. The board of the national bank has decided to keep the key policy rate at 25% per annum. Exchange rate stability, supported by this rate and additional measures by the NBU, will continue to contribute... #InflationinUkraine #KeyPolicyRate #nbu
The US is unhappy with the EU’s financial aid delay. The US is urging the EU to increase financial aid to Ukraine, whose economic situation is deteriorating due to the constant hostilities, writes The Washington Post. US Treasury Secretary Janet L. Yell... #EUfinancialAid #InflationinUkraine #JanetYellen
The ICU investment company predicts the dollar at UAH 45 and GDP growth of 4% in 2023. According to an ICU macro forecast, Ukraine’s GDP will decrease by 32% in 2022, after which it will recover by 4% the following year. At the beginning of 2023, inflation will slow down and, by t... #GDPforecastUkraine #ICU #InflationinUkraine
In August, prices in Ukraine increased by 23%. Inflation in Ukraine continues to grow, although its pace has slowed, the NBU reported. In July, inflation accelerated to 22.2% in annual terms and 23% in August. According to Deputy Chairman of the N... #InflationinUkraine #nbu #pricesinUkraine
Inflation in Ukraine begins to slow down. Inflation rates in Ukraine are decreasing for the second month in a row, the Ministry of Economy reported. In Ukraine, inflation is being caused by two factors, internal and external. As Deputy Minist... #DenisKudin #InflationinUkraine
The Ministry of Economy gives guarded forecast regarding hyperinflation in Ukraine. During the war, the inflation rate in Ukraine has accelerated significantly. However, hyperinflation should not be expected, as prices will remain under state control, reported the Ministry of Economy... #InflationinUkraine #MinistryofEconomy
Fitch Ratings has given its price dynamics forecast for Ukraine. Fitch Ratings predicts that inflation in Ukraine will accelerate from 22.2% in July to 30% by the end of 2022. The inflationary increase will remain high in 2023, at an average level of 20%. It is not... #FitchRatings #InflationinUkraine
The hryvnia’s purchasing power will drop by at least half. According to the head of the National Bank, Kyrylo Shevchenko, even the current 22.2% consumer inflation per year is a significant reduction, by almost a quarter, of the real disposable income of citi... #hryvniadevaluation #InflationinUkraine #KyryloShevchenko
The Ukrainian government believes that 22% inflation is not critical. The Minister of Finance of Ukraine stated that he considers inflation in Ukraine relatively high when compared with the pre-war economic conditions. However, against the background of rising inflatio... #InflationinUkraine #SerhiyMarchenko
Inflation in Ukraine in July 2022 accelerated to 22.2% in annual terms, according to the State Statistics Service. Compared to June, inflation was 0.7%, and since the beginning of the year – 18.2%. Over the last month, the price of eggs increased the most (by 8.7%),... #InflationinUkraine #InflationinUkraineforecasts
Fitch gives a negative forecast for Ukraine’s GDP, inflation, and budget deficit. The international Fitch Ratings agency predicts Ukraine’s state budget deficit in 2022 will be at 29.1% of GDP, which is a record-high indicator. The growth of consumer prices in Ukraine will ac... #FitchRatings #GDPinUkraine #InflationinUkraine
Consumer prices in Ukraine increased by 3.1% in June. Consumer prices in June 2022 increased by 3.1% compared to May. In annual terms, inflation accelerated from 18% to 21.5%, announced the chairman of the NBU Council, Bohdan Danylyshyn. In particular, ... #ConsumerPrices #Inflation #InflationinUkraine
Consumer inflation reached 2.7% in May. Consumer prices in Ukraine in May 2022 compared to April 2022 increased by 2.7% and have risen 13.9% since the beginning of the year. Food and non-alcoholic beverages rose by 18.7% compared to the sam... #ConsumerInflation #InflationDuringWar #InflationinUkraine
Inflation is likely to hit 20% this spring. The Consumer Price Index (CPI) grew 1.6% MoM in February, accelerating annual CPI growth to 10.7% YoY. Last month, most of the price hikes were concentrated in fuel and staple foods, the items which h... #InflationDuringWar #InflationinUkraine
Inflation in December was 0.6%. In December 2021, consumer prices in Ukraine increased by 0.6% compared to the month before, as against December 2020 which was- by 10.0%, reported ukrstat.gov. In 2021, compared to 2020, consumer inf... #Inflation #Inflation2021 #InflationinUkraine
Consumer inflation in October 2021 slowed to 10.9% on a year-on-year period. It was higher than the NBU’s forecast. “Actual consumer inflation has slowed as expected but was slightly higher than the forecast published in the Inflation Report by NBU for October 2021. This... #ConsumerInflation #Inflation #InflationinUkraine
Inflation in Ukraine accelerated to 11% in September reported open4business. The year-over-year growth of consumer prices in Ukraine in September 2021 increased to 11% from 10.2% in August 2021. According to the Statistic Service of Ukraine, after defla... #Inflation2021 #InflationinUkraine #InflationRateUkraine
Ukraine’s March inflation íncreased to 8.5% yoy, setting the stage for an interest rate hike this Thursday at the scheduled meeting of the National Bank of Ukraine’s Monetary Policy Board. According to the State Statistics Service inflation has climbed steadily recording these rates: December – 5%; January... #Inflation2021 #InflationinUkraine #NationalBankofUkraine #nbu
Ukraine’s annual inflation will reach a 1.5-year high of 8% in March 2021, exceeding the Central Bank’s forecast of 7.6%, said a monthly Reuters poll of Ukrainian analysts. Analysts said consumer prices rose due to inflation imported from world commodity markets, notab... #Inflation2021 #InflationinUkraine #UkraineInflation
