At the same time, the regulator kept the inflation forecast at 9.1%. As it is said on the site of the National Bank of Ukraine, this year economic growth will slow down to 1.6%.

As a result, the deterioration of economic activity in the first half of the year, particularly in the service sector and in connection with the revision of the grain harvest, the National Bank revised its forecast, noting that the low performance indicators of the sectors most associated with the break-up of production links with the CIS, such as mining -metallurgical complex, energy and transport, - noted in the message.

At the same time, estimates of economic growth for 2018 and 2019 are maintained at the same level of 3.2% and 4%, respectively, due to a softening of monetary and fiscal policies that stimulate consumer demand.

The NBU also explained that inflation forecasts remained unchanged for the next two years: 6% in 2018, 5% in 2019.

At the same time, expectations of the NBU relative to core inflation improved: the forecast for 2017 was reduced to 6.1% from 6.5%, in 2018 - to 3.9% from 4.3%, in 2019 - to 2.8% from 3 , 7%.

Recall, the Cabinet lowered the estimate of GDP growth from 3% to 1.8%. The corresponding decision was made at a government meeting.

As reported URA-Inform, Gosstat reported that Ukraine's GDP in the first quarter of this year increased compared to the same period last year by 2.4%.