Pyshny is convinced that Ukraine has entered a persistent disinflationary trend
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Ukraine has entered a persistent disinflationary trend, which makes it possible to predict a further decrease in the level of inflation. The head of the NBU Andrey Pyshnyi told about this in an interview with the “My — Ukraine” channel.
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Downward trend
“The demand for currency is decreasing. This is the result, including the monetary policy of the National Bank, which many did not like and do not like now. This is the result of the fact that Ukrainian energy, thanks to the effective work of the government and the courage of Ukrainian energy workers, quickly restored its capacity. There are also external factors: energy prices have decreased somewhat, consumer demand is not so high,” said Pyshny.
According to him, a whole set of factors allows us to consider that Ukraine has entered a fairly stable disinflationary trend. Then the National Bank revised its inflation forecast for the end of the year.
“If in December we forecast inflation at the level of 18.7%, then by the end of the year we forecast 14.8%,” the head of the NBU noted.
NBU forecast
Taking into account the rapid restoration of the energy system, as well as soft fiscal policy, the National Bank improved the forecast of economic growth in 2023 from 0.3% to 2%.
The NBU also significantly improved the inflation forecast in 2023. The regulator predicts a slowdown in inflation to 14.8% at the end of the year compared to 18.7% in the previous forecast.
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Editor of the news feed Yaroslav Holoborodko Writes on the topics: Macroeconomics, stock market, cryptocurrency
Source: Ministry of Finance
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