Weekly Insight -- Consumer inflation accelerates
In October, both headline and core inflation rose, to 2.6% YoY and 3.2% YoY, correspondingly, amid low comparison base and some recovery of food prices. Accounting for the outbreak of coronavirus cases and a stronger exchange rate, risks of inflation undershooting NBU's target range for longer are growing. But we still believe that the NBU will keep its policy rate on hold at 6% through the end of this year.
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