The National Bank of Ukraine (NBU) will gradually reduce the key policy rate to 15% per annum from the current 18% by late 2019.
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"The economic growth in Ukraine will be about 3%, inflation 7.7%, the key policy rate will be gradually reduced to 15% by the end of the year, the hryvnia forex rate will be about UAH 28-30 to the dollar, and wages will grow by 15%," OTP Bank Chairman of the Board Tamas Hak-Kovacs said in an interview with UNIAN.
According to his forecasts, the growth of consumer lending in the banking system of Ukraine will be about 40% and corporate - at 11%.
"In terms of profit, this year should be about the same as the previous one. Four or five banks account for 75% of the profit system on the market, and we are among them. But 2020 will be much more difficult," Hak-Kovacs added.
As UNIAN reported earlier, the Board of the National Bank of Ukraine (NBU) on March 14 decided to keep its key policy rate at 18.0% per annum.
