KYIV, Oct 13 - Ukraine may receive a tranche of the International Monetary Fund (IMF) in the amount of about $1.4 billion in October-December 2021, J.P. Morgan said in the October EMEA EM Emerging Markets research.

We believe that the IMF will pay a tranche of $1.4 billion in the fourth quarter of 2021, but is considering a possible range of this amount from $1 billion to $1.5 billion, J.P. Morgan said.

However, as noted, given the SDR allocation, the fund may pay a lower amount.

Analysts also believe that the National Bank will continue the trend to increase the refinancing rate and in January-March 2022 it will grow from the current 8.5% per annum to 9%, in the second quarter - up to 9.25%, in the fourth - up to 9.5%.