in October-December 2021, predicted JP Morgan. “We believe that the IMF will pay a tranche of $1.4 billion in the fourth quarter of 2021 but is considering a possible range of this amount from $1 billion to $1.5 billion”, JP Morgan said. Analysts also believe that the NBU will continue the trend to increase the refinancing rate and in January-March 2022 it will grow from the current 8.5% per annum to 9%, in the second quarter – up to 9.25%, in the fourth – up to 9.5%.