Ukraine’s central bank said on Thursday that the economy could contract by at least one-third in 2022 and inflation could exceed 20%, reflecting the impact of Russia’s invasion.
In a statement, the central bank said it would postpone a decision on its key interest rate for the second time since the war started on Feb. 24.
It added that maintaining a fixed exchange rate remained important for now but that it would return to a floating rate as soon as the currency market could balance itself.
(Reporting by Natalia Zinets Writing by Alexander Winning; Editing by Jon Boyle)
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