Even so, the ECB Governing Council is a large body, with a wealth of diverse experiences and views. The strategy must provide a commonly accepted framework within which these experiences and views all contribute to policy decisions. The strategy should also ensure that the relevant information is taken into account fully and orderly.
Same as before, the NBU expects inflation to decline to 6.3% as of the year-end. On the one hand, core inflation will slow more than expected, while fuel prices will remain below last year’s levels due to the stronger hryvnia. On the other hand, smaller supply of some vegetables will push prices upwards.