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The economy is set to slow further as headwinds remain intense. The energy crisis caused by russia’s terror attacks on civil infrastructure is interrupting production cycles in many sectors and damaging consumer sentiment. If safety risks don’t subside dramatically in 2026 – which is our conservative baseline assumption – the economy will struggle to grow. Nonetheless, the continued inflows of foreign financial aid imply the economy will remain on a footing that is sufficiently strong and risks to a broad macroeconomic stability are reasonably low. The EU decision to grant a EUR90bn loan t...
The regulator lowered the key policy rate by 50 bps to 15.0%, initiating a cycle of monetary easing against a backdrop of declining inflation and secured external financing.
For the first time in almost 10 months, the Ministry of Finance made a move towards lower bond yields in anticipation of the NBU's cut in the key policy rate.
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