Ukrainian Central Bank projects 44% inflation by the end of 2015

Speaking at the press conference in Kyiv on Tuesday, Valeriya Gontareva, the Head of the National Bank of Ukraine (NBU) said: “Inflation will reach about 44% by the end of 2015″, Joinfo.ua reports with reference to UNIAN.

The consumer prices in Ukraine increased by 2% in November 2015, as compared to the previous month. Inflation in annual terms (November 2015 against November 2014) accelerated to 46.6% from 46.4% recorded in the previous month.

January through November 2015, consumer prices in Ukraine grew by 42.3%.
Gontareva also said that in 2016 she projects the inflation at 12% (with accuracy of 2-3%), in 2017 – 8%, in 2018 – 6%, in 2019 – 5%.

“The strategy of NBU aims to achieve the optimal for Ukraine inflation rate about 5%, “- said the head of the NBU.

It should be recalled that on December 1, 2015, the total loss of operating Ukrainian banks (excluding insolvent banks’ loss), amounted to UAH 57.3 bln, including UAH 1 billion as of 1 November.