Inflation in Ukraine in 2015 will amount to 45-50%, while next year it
will slow to 10-12%, and in 2017 – to 7%, according to the National Bank of
Ukraine (NBU).
According to a presentation by deputy head of the
National Bank of Ukraine Dmytro Solohub at the Corporate Treasurers' Forum, the
contribution of the administrative price increase in consumer price growth is
estimated at 19.5 percentage points in the current year and 5.1 percentage
points in 2016.
"Underlying inflation will slow down much
faster," reads the document.
According to his data, in the medium term outlook the
most optimistic target is 4-6%.
According to the presentation, the tasks currently
faced by the country are stabilization of the currency market and disinflation,
the successful implementation of the IMF program, replenishment of forex
reserves, and a gradual abolition of administrative measures, and to eventually
move to monetary targeting policy with a focus on net domestic assets, monetary
base and net international reserves.
The presentation indicates that the increase in
monetary base next year will be limited to UAH 65 billion, or 15.3% compared to
the figure of UAH 91 billion, or 27.3%, fixed in the EFF program with the IMF
for this year.
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