Ukraine’s central bank goes back to 5% inflation target
National Bank of Ukraine raises rates, despite falling core and headline inflation
The National Bank of Ukraine has reaffirmed its goal of reducing inflation to 5% by the end of 2019, after more than a year of being unable to meet its monetary policy targets.
On July 12, the NBU raised its policy rate by 50 basis points to 17.5%, saying it was necessary, despite falling headline and core inflation. Ukraine’s year-on-year inflation fell to 9.9% in June – the lowest figure for more than a year.
Four days later, on July 16, the central bank published a revised inflation
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