Weekly Insight -- Consumer inflation surprises on downside
In September, both headline and core inflation slowed, to 2.3% YoY and 3.1% YoY correspondingly, against an atypical-for-this-month decline in food prices. Adding slowing demand amid the new outbreak of coronavirus cases, downside risks to our YE2020 forecast (5.3% YoY) prevail. But we still believe that the NBU will keep its policy rate on hold at 6% by the end of this year.
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