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NBU predicts slowdown in money supply growth in 2022 to 10.9% year-over-year
KYIV. Sept 17 (Interfax-Ukraine) – The growth of money stock in Ukraine in 2022 will slow down to 10.9% compared to the projected growth of 13.8% in 2021, according to the forecast of the National Bank of Ukraine (NBU) placed in the basic principles of monetary policy for 2022.
According to the report, the NBU expects an increase in the money supply to UAH 2.105 trillion by the end of 2021 and to UAH 2.333 trillion by the end of 2022.
In addition, the money supply in 2023 will grow by 6.7% – up to UAH 2.603 trillion, according to the forecast.
At the same time, the NBU expects a slowdown in the growth of the monetary base from 17.9% in 2021 to 7.9% in 2022.
The central bank also expects that cash in circulation outside banks (M0) in 2021 will grow by 16.2% – to UAH 599.632 billion, in 2022 – by 8%, to UAH 647.681 billion, and in 2023 – by 6.5%, to UAH 689.895 billion.
According to the regulator’s forecast, the deposit portfolio of banks in 2021 will grow by 12.9% – to UAH 1.503 trillion, in particular in the national currency – by 17.7% (to UAH 984.773 billion), and in foreign currency – by 4.8%, to UAH 517.888 billion.
It is expected that in 2022 the deposit portfolio of banks will grow by 12% – up to UAH 1.683 trillion, in particular in the national currency – by 13.4%, up to UAH 1.117 trillion, and in foreign currency – by 9.2%, up to UAH 565.738 billion.
