UAH weakened by accelerated inflation

Макроэкономика 10.03.2015 Inflation in February accelerated more rapidly following last month's extreme devaluation. Headline CPI was up 5.3% from the previous month and 34.5% year-on-year. The run on currency was the key driver of inflation. As the IMF is expected to approve and disburse US$4-5bn in new EFF funding by the end of this week, the domestic financial market could improve, but this reprieve could be short-lived if, and more likely when, the Minsk 2 agreement collapses.