According to the forecast of the National Bank analysts, by the end of the current year the inflation rate will exceed 10 percent, which is not much different from the rates on deposits.
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As reported by “NBN” with reference to the material of “Ekonomichna Pravda”, the head of the NBU Andriy Pyshnyy made a statement – the key goal of the bank-regulator is to maintain control over the rate of inflation in 2024 and its reduction in 2025, with a further stop at 5 percent.
According to Pyshnyy, in order to implement the above-described scenario “in life”, the NBU intends to use its main instruments, in particular, the key rate, keeping it within 13 percent, and further contributing to the protection of savings (in hryvnia) from the inflationary impact, since the rate on deposits and domestic government bonds will “exceed the projected inflation.”
Thus, if you now open a deposit in the national currency, with an expected yield (after taxes) of 10 percent per annum, then, taking into account the promised reduction in inflation (according to forecasts by the end of 2025 – 7 percent), you can “get rich” by at least 3 percent of the amount on the deposit.
Earlier we wrote about what the NBU warned that a new tax increase would significantly accelerate inflation.