Date: 4 months ago   Category: Financial

The National Bank has worsened the forecast for inflation in 2018


The forecast of the rate of inflation in Ukraine the current year has raised National bank from 8,9% to 10,1%. The National Bank of Ukraine has raised the forecast of inflation for 2018 from 8,9% to 10,1%. About it on Thursday, October 25, the press service of the NBU reports. "Taking into account the expected increase in administratively regulated prices, the forecast of inflation for 2018 is raised from 8,9% to 10,1%", - it is said in the statement. At the same time in National Bank have noted that expansion of consumer demand, high growth rates of the salaries, recent increase in prices for oil will be displayed on consumer inflation and next year. As a result, according to forecasts of the regulator, inflation will remain at the level above target range longer, than it was expected earlier. By the end of 2019 inflation will decrease to 6,3%, count in the NBU. "She will enter limits of target range in the I quarter 2020 and will achieve the medium-term objectives of 5,0% at the end of 2020", - have predicted in National Bank. Besides, the National Bank of Ukraine has kept invariable discount rate at the level of 18% per annum since October 26, 2018. "The board of the National Bank of Ukraine has made the decision to leave discount rate invariable at the level of 18% per annum. The current and expected monetary conditions are rather rigid to provide decrease of the inflation rate to the medium-term purpose of 5% in 2020", - have said in the NBU. Earlier in Ukraine consumer moods have improved. Also in National Bank have noted that inflationary pressure remains high, despite weakening of food inflation. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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