News on October 26: NBU lowered interest rates and improved inflation and GDP forecasts, Unilever continues business in the Russian Federation
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About the rate. On October 26, the Board of the National Bank decided to reduce the discount rate from 20% to 16%.
About GDP and inflation. The National Bank has significantly changed its macro forecast for the current year 2023: it now expects the Ukrainian economy to grow by 4.9% by the end of the year, with inflation falling to 5.8%.
About Unilever. One of the world leaders in the food and household chemicals market, Unilever, has decided to continue doing business in the Russian Federation – the report for the 3rd quarter of this year does not contain any action plan for exiting Russia.
About lifelong financial monitoring of officials. On October 26, President Volodymyr Zelenskyi signed the law on the lifelong status of politically significant persons (PEP) and strengthening their financial monitoring.
About the grain corridor. Consulting company Barva Invest claims that on October 25 AMPU issued a warning that the movement of vessels through the corridor will be suspended on October 26, 2023.
But The Ministry of Reconstruction of Ukraine denies the suspension of the grain corridor.
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