KYIV, July 27 – The National Bank of Ukraine (NBU) has improved its inflation forecast for 2023 from 14.8% to 10.6% since July 28, the press service of the regulator said on Thursday.

"Having considered the favorable dynamics of H1, the NBU revised its 2023 inflation forecast significantly upward, from 14.8% to 10.6%. The growth in prices will slow due to a gradual decline in global inflation and monetary conditions remaining tight in Ukraine. The NBU will safeguard sustainability of the FX market and keep hryvnia assets attractive enough, which will restrain price pressures," the report notes.