The National Bank announces the financial forecast for the next year.

The National Bank of Ukraine aims to ensure the stability of the currency market and has the necessary tools for this, including a sufficient volume of international reserves.

In the face of rising interest rates and external factors, the stability of the currency market is one of the important elements that will help reduce inflationary pressure next year. This was stated by the Deputy Head of the National Bank of Ukraine, Serhiy Nikolaychuk, during an interview with the 'Inter' television channel.

Next year: inflation expectations

According to the forecast of the National Bank of Ukraine, the current level of inflation will peak in the spring of next year and begin to decline thereafter. By the end of next year, it is expected that the inflation rate will slow to 7%, and in 2026 it will reach the National Bank's target of 5%.

Factors contributing to inflation reduction

Several factors will contribute to this:

• It is expected that the situation with agricultural crop yields next year will be better, as unfavorable weather conditions rarely repeat two years in a row;
• Price pressures from labor costs and energy independence of enterprises will decrease;
• The National Bank of Ukraine considers the stability of the currency market and implements interest rate measures to reduce the inflation level.