The National Bank of Ukraine (NBU) plans to revise consumer inflation forecasts for 2018-2020, the NBU has said on its website.
At the same time, the announcement does not mention whether it will be a revision upwards or downwards.
The new forecasts are to be made public at an NBU briefing on monetary policy on July 12.
Commenting on a change by the State Statistics Service in the consumer price index in June 2018 year-over-year, the NBU said the reduction in inflation was expected, its indicator was slightly below the forecast trajectory published in the inflation report for April 2018.
The current forecast of the NBU implies a slowdown in consumer inflation to 8.9 percent by the end of this year and a return to the target range of 6 percent ± 2 percentage points in the middle of 2019.
However, the central bank said earlier that the forecast is applicable only if there is further progress in the implementation of structural reforms, in particular, under the International Monetary Fund’s Extended Fund Facility (EFF) program.
