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Inflation Report

The Inflation Report reflects the opinion of the National Bank of Ukraine (the NBU) as to the current and future economic state of Ukraine, with a focus on inflationary developments, which form the basis of monetary policy decision-making. The Inflation Report is published quarterly in accordance with the forecast periodicity.


The publication of the macroeconomic forecast and its underlying assumptions aims at strengthening the transparency and predictability of the monetary policy of the NBU. This should enhance the public’s confidence, which is an important prerequisite for anchoring inflation expectations and achieving price stability.