Inflation in Ukraine falls below 10% – IMF

Inflation in Ukraine may reach less than 10% by the end of 2017. This forecast was made by the head of mission of the International monetary Fund (IMF) Ron van Roden in the statement on results of work in Kiev.

“Gross international reserves [of Ukraine] continue to grow, reaching a level of 17.6 billion dollars, and expected inflation may be less than 10% at the end of the year,” said van Roden.

According to him, the implementation of fiscal and monetary policies to ensure compliance with the goals set for 2017.

“Against the backdrop of positive short-term expectations strongly for structural reforms remains a key factor in ensuring strong and sustained economic growth, so necessary Ukraine in the medium term”, – said the head of the IMF mission.

The National Bank of Ukraine, as we know, also expect inflation to the end of 2017 will be unambiguous and will be about 9%. Last year inflation was more than 12%.

As reported, the IMF also said that Ukraine’s economy continues recovery, with expected growth in 2017 at more than 2%.

We will remind, the IMF mission worked in Kyiv from 16 to 26 may. During the visit, the authorities and the Fund agreed on key elements of the reform, but now they needed technical revision.