KIEV, July 18 – Ukrainian business circles in Q2 improved inflation forecasts, although worsened devaluation expectations, the National Bank of Ukraine reported, referring to the results of a poll of company heads.

"In Q2, 2011, exchange rate stability expectations for the next 12 months have worsened: 46.7% of respondents expect that the hryvnia exchange rate to the dollar will remain unchanged compared to 52% in the previous quarter… The share of respondents who forecast that the hryvnia will weaken against the U.S. dollar (49.3% compared to 45.3% in Q1, 2011) and against the euro (57% compared to 54%)," reads the report.