Analysts Expect Ukraine’s Central Bank to Cut Key Rate in October as Inflation Slows

Analysts expect Ukraine’s central bank to cut key rate in October as inflation slows

Analysts expect the National Bank of Ukraine (NBU) to lower its key policy rate this month after inflation fell faster than anticipated, signalling ...

Analysts predict that the Ukrainian National Bank will lower its key policy rate in October.

According to ICU, annual inflation in September dropped to 11.9%, down from 13.2% in August and a peak of 15.9% in May. The inflation rate at the end of September was notably lower than the NBU’s July forecast of 13.1%. A widespread slowdown in prices was observed across most components of the consumer basket, except for education and hotels and restaurants. The most significant decline in food prices was driven by a good harvest of vegetables a…