National Bank expects inflation to remain on downward trajectory in 2019.

The National Bank of Ukraine (NBU) has forecast a decline in inflation to 6.3% in 2019 and a further fall to 5% in 2020. NBU officials attribute this downward trend to tight monetary conditions and restrained fiscal policies. The rate of inflation was 9.8% in 2018, the best indicator for the past five years following a sharp rise in 2014-15. As inflation drops, Ukraine’s GDP remains on a steady growth trajectory. The country posted a 3.3% GDP increase in 2018, with further growth at a slightly reduced rate expected in 2019.

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