Dragon Capital forecasts the hryvnia rate at 27 UAH/USD and the inflation at 8% in 2017, Ukrainian News reports.
The analysts of Dragon Capital forecast the hryvnia rate at 27 UAH/USD and inflation at 8% in 2017, according to comments of the Investment Company.
«In compliance with our forecast, the average annual hryvnia rate will be 27 UAH/USD; however, the amplitude of fluctuations will increase during the process of NBU transition to inflation targeting and more flexible currency policy», Chief Economist of Dragon Capital Elena Belan considers.
She also expects that NBU’s gold and currency reserves will continue growing this year through attraction of official funding (USD 2 billion) as well as government’s internal and external currency borrowings (expectedly USD 2.5 billion).
In addition, the economist expects that NBU will continue purchasing currency on the market this year.
«Therefore, we forecast the growth of official reserves up to USD 20 bln (+29% YoY) at the end of 2017, which correspond to 4.5 months of import of commodities and services», Belan comments.
The hryvnia rate at 27.2 UAH/USD is included into the state budget 2017.
