KYIV, July 21 – The National Bank of Ukraine (NBU) has worsened its inflation outlook for 2022 to slightly more than 30% from more than 20% in its previous forecast and expects its return to the 5% target in 2025, the press service of the regulators said on Thursday, July 21.

"Inflation pressures will persist: inflation will exceed 30% yoy as of the end of 2022. It will slow considerably in the next years, albeit remaining much above the NBU's target of 5%, primarily due to the consequences of the war," it said.