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National Bank of Ukraine confirms 9.1% inflation for 2017
13:53, 21 March 2017
National Bank of Ukraine confirms 9.1% inflation for 2017

NBU believes that the temporary halt of goods transportation across the line of demarcation in Donbas will not affect the price increase in the current year

13:53, 21 March 2017

Open source

The National Bank of Ukraine (NBU) decided not to change their 2017 inflation forecast. The financial institution is sure that the temporary halt of goods transportation across the line of demarcation in Donbas will not affect the price increase in the current year. This is stated in the message published on the NBU official web-site.

“The trade blockade with the separate regions of Donetsk and Luhansk regions won’t have significant’ influence on the level of consumer inflation in 2017 – 2018. Consequently, the Bank does not expect significant changes in their inflation forecast (9.1% in 2017 and 6.0% in 20180. The effect from the price increase on the food products on the international markets will be compensated by the slower increase of the administratively regulated tariffs and the pressure loss on prices form the side of the active demand,” reads the message.

Related: NBU: Hryvnia fell due to seasonal decline in business activity

As it was reported earlier, the Chairwoman of the National Bank of Ukraine Valeria Gontareva thinks that GDP may decline to 1.5% if trade blockade in Donbas continues.

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