Ukraine announces further easing of cash and forex controls as inflation falls
Headline and core inflation both falling faster than expected
Ukraine's annual CPI inflation fell to 7.5% in May, down from 57.5% in June 2015, says the country's central bank. The announcement follows the central bank's decision to significantly relax restrictions on cash and foreign exchange transactions.
Month-on-month inflation dropped to 0.1% in May, the National Bank of Ukraine (NBU) announced on June 10. Core inflation has also fallen faster than expected. The month-on-month rate has fallen to 0.2%, depressing the annual figure to 8.8%.
The NBU says
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