What should we expect from the National bank of Ukraine in 2017?

Authors:

Anatoliy Amelin, Head of Economic Programs, Ukrainian Institute for the Future.

Olga Khomenko, Economic Programs Expert, Ukrainian Institute for the Future.

At the end of the year the National Bank of Ukraine presented the basic principles of monetary policy for the years 2017-2019. According to forecasts of the NBU, in 2017 we expect:

– inflation at 8%;

– real GDP growth within 2.5-3%;

– money supply and the monetary base increase rate – to amount to 13.2% and 8.4% respectively.

Also some optimistic indicators are put behind the forecast for 2018 and 2019: CPI – 6% and 5%, real GDP growth – 3.5% and 4%; an increase of the money supply and the monetary base in 2018 – 14.5% and 8.2% respectively.