The National Bank of Ukraine (NBU) kept its policy rate at 15%.
The National Bank of Ukraine (NBU) kept its policy rate at 15%. In May, consumer inflation slowed as expected to 8.2% y/y due to seasonal factors, while core inflation accelerated slightly (to 7.9% y/y). Both indicators were higher than the trajectory outlined...
The National Bank of Ukraine (NBU) kept its policy rate at 15%. In May, consumer inflation slowed as expected to 8.2% y/y due to seasonal factors, while core inflation accelerated slightly (to 7.9% y/y). Both indicators were higher than the trajectory outlined in the National Bank’s April forecast, primarily due to stronger secondary effects from the sharp rise in energy prices in previous months.
The regulator forecasts that inflation will remain near current levels over the coming months, accelerate toward the end of the year, but return to a slower pace in 2027.