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 Inflation in Ukraine to hit 46% in 2015, – NBU Head Hontareva

Head of the National Bank of Ukraine Valeriia Hontareva voiced her forecast for inflation in 2015-2016.

Censor.NET reports citing NV.ua.

"Ukraine's annual inflation is expected to jump to 46 percent, of which 19 percent result from gas and electricity tariff increase, while the rest is the effect of the devaluation," she said.

However, head of the National Bank is optimistic about the country's development.

"The projected inflation rate for 2016 is 16%. A balanced monetary policy, low commodity prices on world markets, and a slow recovery in consumer demand due to low wages will contribute to this."

Read more: National Bank to increase its reserves to $18 billion in 2015, - NBU Head Hontareva

According to forecasts, the NBU expects a growth of GDP in 2016.

"In the 3rd quarter of 2015, we have been observing growth in almost all sectors of the economy: industry, construction, and agriculture. But, unfortunately, GDP for the year will be 11.6%. We also expect a GDP growth of 2-3% for next year," Hontareva said.

Read more: Ukraine received second IMF loan tranche worth $1.7 billion, - National Bank of Ukraine Head
 
 
 
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