The National Bank of Ukraine has worsened the main macroeconomic indicators for the current and subsequent years. This was reported on the regulator’s website on Thursday, January 23.

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. At the same time, the base scenario of the NBU forecast still provides for a gradual return of the economy to normal operating conditions. Accordingly, in 2026-2027, a moderate acceleration of economic growth is expected - about 4%,"

. However, its recovery will be facilitated by investments in energy and production capacities, the preservation of a soft fiscal policy and the growth of private consumption against the backdrop of increasing household incomes.

. And he left the economic growth estimate for 2027 at 4.2% unchanged..

. Inflation will reach its peak in the second quarter and will begin to decline from the middle of the year,” the National Bank said..

. At the same time, the regulator left the forecast for the return of the consumer price index to the target of 5% in 2026 and its preservation in 2027 unchanged..

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This, in particular, will be facilitated by interest rate and exchange rate policy measures of the National Bank, as well as high harvests, an improved situation in the energy sector, a reduction in the fiscal deficit and moderate external price pressure,” the central bank noted..

. At the same time, the regulator’s updated macro forecast assumes a further increase in the discount rate to curb inflation.

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