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Economy 2019-02-15T04:26:45+02:00
Ukrainian news
NBU Downgrades Outlook For International Reserves For 2018 From USD 21.6 Billion To USD 20.7 Billion, And For

NBU Downgrades Outlook For International Reserves For 2018 From USD 21.6 Billion To USD 20.7 Billion, And For 2019 From USD 19.1 Billion To USD 18.8 Billion

The National Bank of Ukraine has downgraded its outlook for the international reserves for 2018 from USD 21.6 billion to USD 20.7 billion, and for 2019 from USD 19.1 billion to USD 18.8 billion.

The NBU has said this in a statement, Ukrainian News Agency reports.

International reserves' growth outlook was also downgraded for 2020 from USD 20 billion to USD 19.7 billion.

At that, the central bank downgraded the net liquidity balance for 2018 from USD 2.6 billion to USD 2.0 billion, upgraded it for 2019 from USD -0.8 billion to USD -0.3 billion, and downgraded for 2020 from USD 0.0 billion to USD -0.1 billion.

As Ukrainian News Agency earlier reported, the National Bank of Ukraine has retained its outlook for inflation at 8.9% for late 2018.

According to the report, the outlook for inflation for 2019 was also retained at 5.8% and for 2020 at 5%.

At the same time, the central bank retained the outlook for the gross domestic product growth at 3.4% for 2018, and raised it from 2.5% to 2.9% for 2019.

In 2020, the NBU expects Ukraine's economy to grow by 2.9%.

The nominal GDP is expected to make UAH 3,460 billion in 2018 as against the earlier expected UAH 3,451 million.

In 2019, the indicator is expected to be UAH 3,845 billion as against earlier expected UAH 3,842 billion, and UAH 4,188 billion in 2020.

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