KYIV, Oct 11 – The National Bank of Ukraine (NBU) has announced it has started working on an updated inflation forecast for 2017 after inflation hit 10.2% in January-September 2017 and 16.4% in September 2017 from September 2016, which significantly exceeded its earlier forecasts.

"The new inflation forecast and a time horizon for the return of inflation to the target with the help of monetary tools will be announced after an NBU board meeting on monetary policy on October 26, 2017," the NBU said on Tuesday.