The national Bank predicted the effect of increasing two times the minimum wage on GDP

The national Bank predicted the effect of increasing two times the minimum wage on GDP

© UNIAN

From 1 January the minimum wage will increase to 3.2 thousand.

Due to the increase from 1 January 2017 the minimum wage in two times – up to 3,2 thousand UAH – Ukraine’s GDP by the end of next year could reach 3%. This is 0.5% more than the previous forecast of the national Bank.

About it today, 8 December, said the Deputy head of the NBU Dmitry Sologub during a briefing, transfers UNIAN.

The regulator also analyzed the impact of the government’s decision on raising the minimum wage on the economy and assumes that this move will add to inflation next year is 1%. NBU predicts that inflation by the end of 2016 will amount to about 12%, in 2017 – 8% (plus/minus 2%), 2018 – 6% (plus/minus 2%).

At the same time , the national Bank left the discount rate at 14% per annum.

Comments

comments