Friday, April 16, 2021

The Central Bank revised its 2020 inflation forecast to 8%, from 7%.

After inflation hit 8.5% yoy last month, the National Bank of Ukraine now predicts that inflation will peak at 9.6% in the third quarter. It will recede steadily, hitting 5% for 2021, the bank has predicted.

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The National Bank of Ukraine also downgraded its forecast for real GDP growth in 2021 to 3.8%, from 4.2%.

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Surprising analysts, the Central Bank raised Ukraine’s prime rate by a full percentage point, to 7.5%.

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