Inflation will decline gradually and will remain under control thanks to measures taken by the NBU and the government and the support provided by international partners The NBU forecasts inflation will slow to 18.7% in 2023, supported by monetary conditions remaining tight, global inflation declining, and consumer demand being dampened by power outages.
Second, recent bank failures have shown that we need to further harmonise the tools for crisis management. We need to remove the overlap between standard supervisory measures and early intervention measures, for instance. As we are obliged to apply the least intrusive tool, the overlap often prevents us from taking early intervention measures.