REUTERS
The National Bank of Ukraine (NBU) will announce an updated inflation forecast for 2017 after consumer prices went beyond projections: they grew by 10.2% in January-September 2017 and 16.4% in September 2017 from September 2016 (y-o-y), which exceeded earlier projections, according to the NBU's website.
"The current dynamics of the CPI [Consumer Price Index] and its components signal further risks of inflation deviation from the forecast indicators published in the inflation report (July 2017). New projections for inflation and a time frame for bringing inflation back to the target with the help of monetary tools will be announced after an NBU Board meeting on monetary policy on October 26, 2017," the report said.
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The National Bank expects that the inflation rate in Ukraine at the end of 2017 may exceed the current projection set at 9.1%, which may force the regulator into pursuing a tougher monetary policy.
Ukraine's key lenders – the International Monetary Fund and the World Bank – forecast 10% inflation in 2017.