The NBU head recognizes that the growth of the minimum wage will increase inflation in 2017 01/26/2017 16:46:26. Total views 999. Views today — 0.

The National Bank of Ukraine (NBU) has worsened the inflation forecast in 2017 from 8% to 9.1%. Today this was stated by head of the NBU Valeriia Gontareva at a briefing in Kyiv, - says the correspondent of OstroV.

"The NBU revised upwards inflation forecast for 2017 to 9.1% from 8% first of all due to growth of minimum wage from UAH 1600 to UAH 3200", - she stated.

This government’s decision would affect inflation via the increase in consumer demand mainly on industrial goods and the increase in cash cost of products. It would indirectly influence inflation expectations of Ukrainians, Gontareva said.

Gontareva informed that the National Bank of Ukraine (NBU) has retailed refinancing rate at 14 percent referring to the decision of the NBU Board on the size of the refinancing rate.