00:00Rising oil prices driven by the Middle East conflict could push the inflation rate in Ukraine higher by between 1
00:07.5 and 2.8 percentage points, according to central bank estimates.
00:13National Bank of Ukraine Governor Andrew Peshani says officials will review economic forecasts at scheduled meetings next week to assess
00:22the full impact of the ongoing conflict.
00:26He said the National Bank of Ukraine remained committed to reducing inflation to 5% within three years and would
00:33use all available tools to meet that target.
00:35He added that secondary effects were expected to weigh heavily on the economy, including rising fertilizer prices, which could place
00:43additional pressure on key sectors.
00:45He also welcomed the election outcome in Hungary, where Viktor Orban was removed from office following a closely watched vote.
00:52Peshani expressed hope that the political shift would help resolve delays to reopen Union's 90 billion euro loan to Ukraine,
00:59which had previously been blocked by Orban.
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