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Inflation in Ukraine over 2020 will remain within the target defined by the National Bank of Ukraine (NBU) in the amount of 5% plus/minus one percentage point, possibly a little higher, according to the forecast, based on the current situation, given by NBU Deputy Governor Dmytro Sologub.

“Now we do not see fundamental reasons for a sharp acceleration of prices … We do not see significant inflationary problems if we remain in this scenario: actively fighting the crisis, assistance from the IMF and other international financial organizations,” he said at an online conference of the NBU board with the European Business Association.

According to the NBU’s estimates, inflation in March in annual terms will remain below 3%.

Sologub said that the government’s estimates of the economic decline this year up to 5% are quite realistic, based on the current situation. At the same time, the banker noted that there is still no final forecast for the current year.

“No one in the world has seen such a crisis, we don’t know how deep it will be,” he said.