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.