KIEV, Jan. 25 – The inflationary expectations of the heads of Ukrainian enterprises have been low for the third quarter in a row, according to the National Bank of Ukraine.

"Inflation expectations remained unchanged compared to the previous quarter and significantly below the average level for the entire period of interviewing. Respondents continue to state that the major factor that will determine an increase in consumer prices will be the growth of the cost of production," reads the statement, with reference to the results of the quarterly poll of company heads conducted by the National Bank of Ukraine in November 2012.

According to the NBU, the index of business expectations in the fourth quarter of 2012 was 114.3%, compared to 115.1% in the previous period.