Inflation will continue to decline gradually until the end of this year and throughout the whole of 2022. 1/2  BIS central bankers' speeches  This year’s record-high harvest and a correction in global prices will help decelerate food price inflation. Natural gas prices in Europe are also expected to go down in spring, after the heating season is over.
This will also help decrease production costs in Ukraine. Underlying inflationary pressures will also gradually ease, due to, among other things, the expected slower growth in wages next year, and the sustained effect of the monetary policy tightening by the NBU. What were the other considerations behind today’s decision?