Central BanksMedium•9 November 2026•
1 min read
Ukraine Central Bank Raises 2026 Inflation Forecast to 12.5% Amid Economic Contraction
Key Facts
1Ukraine's central bank raised its 2026 inflation forecast to 12.5% and expects the economy to shrink.
The National Bank of Ukraine raised its 2026 inflation forecast to 12.5%. Ukraine Business News reported that the central bank also expects the economy to shrink, reflecting deepening economic challenges and persistent price pressures.
The upward revision follows data showing a 0.7% GDP contraction in the third quarter of 2026. This adjustment highlights the combination of rising inflation and recessionary outlooks facing the frontier market as of November 9, 2026.