NBU governor forecasts 4%-6% inflation rate in Ukraine in 2019

Governor of the National Bank of Ukraine (NBU) Yakiv Smolii says the country's inflation rate will be from 4% to 6% in 2019.

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"Due to the strengthening of [Ukraine's national currency] the hryvnia, inflation dropped to 5.1% in November and will be within 5% +/- 1 percentage point at the end of the year. That is, we have reached this year's inflation target," the Cabinet's press service quoted Smolii as saying at a meeting between the government and the NBU on December 16.

NBU representatives noted that the strengthening of the hryvnia was positive for the economy in general, although it might have a negative impact on certain sectors in the short-term outlook.

As UNIAN reported earlier, the National Bank set the official forex rate of the hryvnia against the U.S. dollar for Tuesday, December 17, at UAH 23.49 per U.S. dollar, which was the maximum indicator since January 2016.

Ukraine's national budget for 2019 is based on 3% growth of real GDP amid 7.4% inflation.