NBU Forecasts Inflation Of Up To 11% For 2005.
28 December 2008
The National Bank of Ukraine (NBU) has said the inflation rate will finish the year at around 11%. Concorde Capital: Our 2005 CPI forecast is 11.5% (we lowered our estimate on December 5 from 13%), assuming December rate to be 2%. We also downgrade our forecasts for GDP to no more than 3% (down from 4%) and industrial output to near 4% (down from 5%).
