乌克兰PFTS指数 (PFTS) 加自选

乌克兰的年通货膨胀率从上个月的14.6%上升到2025年4月的15.1%，这是连续第11次上升，标志着自2023年5月以来的最大通货膨胀率。这一增长与乌克兰国家银行的警告相一致，即通胀预期的上升可能会推动价格增长达到比预期更高的水平。食品和非酒精饮料（19.8%）、酒精饮料（17.4%）和通信（18.5%）拉动了通货膨胀。反过来，运输业的通货膨胀率仍然相对较低（6.9%）。与上月相比，乌克兰消费者价格上涨了0.7%。

The annual inflation rate in Ukraine rose to 15.1% in April of 2025 from 14.6% in the previous month, an 11th consecutive increase to mark the largest inflation rate since May of 2023. The rise was consistent with the National Bank of Ukraine's warning that increasing inflation expectations are likely to drive price growth to higher levels than expected. Inflation was pulled up by food and non-alcoholic beverages (19.8%), alcoholic beverages (17.4%), and communication (18.5%). In turn, inflation remained relatively lower for transportation (6.9%). From the previous month, Ukrainian consumer prices rose by 0.7%.

乌克兰央行行长Andriy Pyshnyi告诉路透社，在与欧洲的经济联系不断加深和全球贸易碎片化的情况下，乌克兰正在权衡从美元转向欧元作为其参考货币的可能性。他指出，乌克兰的欧盟野心、欧盟日益增强的国防作用以及市场波动是重新评估盯住美元政策的原因。2023年10月，央行转向了有管理的汇率制度。

Ukraine is weighing a potential shift from the U.S. dollar to the euro as its reference currency amid deepening economic ties with Europe and global trade fragmentation, Central Bank Governor Andriy Pyshnyi told Reuters. He cited Ukraine's EU ambitions, the bloc’s growing defense role, and market volatility as reasons for reassessing the dollar peg. The central bank moved to a managed exchange rate regime in October 2023.

乌克兰的年通货膨胀率从上个月的12.9%上升到2025年2月的13.4%，连续第九次上升到近两年来的最快速度。这一增长与乌克兰国家银行的警告相一致，即通胀预期的上升可能会推动价格增长达到比预期更高的水平。住房和公用事业的通货膨胀率上升（19.3%），因为俄罗斯对乌克兰天然气生产商和电网的袭击使电价每年上涨63.6%，此外还有食品和非酒精饮料（15.2%）和交通（11.1%）。与上月相比，乌克兰消费者价格上涨了0.8%。

The annual inflation rate in Ukraine rose to 13.4% in February of 2025 from 12.9% in the previous month, a ninth consecutive increase to its fastest pace in nearly two years. The rise was consistent with the National Bank of Ukraine's warning that increasing inflation expectations are likely to drive price growth to higher levels than expected. Inflation was elevated for housing and utilities (19.3%) as Russian attacks on Ukrainian natural gas producers and electricity grids drove power prices to sore by 63.6% annually, in addition to food and non-alcoholic beverages (15.2%), and transportation (11.1%). From the previous month, Ukrainian consumer prices rose by 0.8%.

乌克兰国家银行在2025年1月23日的会议上将其关键政策利率上调100个基点至14.5%，使借贷成本达到2024年初以来的最高水平。这是连续第二次加息，旨在稳定外汇市场，管理通胀预期，并将通胀率降至5%的目标。自2024年5月以来一直在上升的通货膨胀率在12月达到12%，预计将在2025年第二季度达到峰值，然后放缓。预计到2025年底，通货膨胀率将降至8.4%，2026年将恢复到5%的目标。政策制定者还承认，与俄罗斯的持续战争阻碍了乌克兰的复苏，预计2024年GDP增长将从2023年的5.3%放缓至3.4%。2025年GDP预测从4.6%下调至3.6%。央行表示，如果通胀压力持续存在，它可能会继续收紧政策。

The National Bank of Ukraine raised its key policy rate by 100 basis points to 14.5% during its meeting on January 23, 2025, bringing borrowing costs to their highest level since early 2024. This second consecutive rate hike aims to stabilize the foreign exchange market, manage inflation expectations, and reduce inflation toward the 5% target. Inflation, which has been rising since May 2024, reached 12% in December, and is expected to peak in the second quarter of 2025 before slowing. Inflation is forecast to drop to 8.4% by the end of 2025, with a return to the 5% target in 2026. Policymakers also acknowledged that the ongoing war with Russia is hindering Ukraine’s recovery, with GDP growth projected to slow to 3.4% in 2024, down from 5.3% in 2023. The 2025 GDP forecast was revised down to 3.6% from 4.6%. The central bank indicated it may continue tightening policy if inflationary pressures persist.