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National Bank predicts 6.3% inflation, 2.5% GDP growth

Strict monetary policy is to stay.

National Bank predicts 6.3% inflation, 2.5% GDP growth
Photo: Julia Berezovska/ NBU press office

The National Bank of Ukraine expects the inflation to slow down to 6.3%, the GDP growth to 2.5% in 2019.

According to its press release, the consumer inflation in Ukraine decreased to 9.8% compared with 13.7% in 2017. It was the lowest rate in five years. The NBU said it was a result of strict monetary policy, above all. The gradual increase of interest rates since October 2017 stimulated saving. Currently, the main interest rate is 18%.

The NBU plans to continue its strict monetary policy to slow down the inflation to 6.3% by the end of 2019 and 5% by the end of 2020.

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