The previous trading week finished optimistically on global financial markets. Once again, key stock indices updated their record-highs. Strong corporate financial statements, slower inflation in the US and plans of the US Government to support the economy compensated for anxiety among investors connected with the spread of the COVID-19 Delta variant. The Consumer Price Index (CPI) in the US remained at 5.4% in July.
Compared to June, when the above-mentioned indicator stood at 0.9%, growth of consumer prices slowed down and landed at 0.5%. The core CPI rose 0.3% compared to June and 4.3% in annual terms. In its monetary policy, the FRS is inclined to be guided specifically by core inflation. Slower growth of core inflation makes it possible for the FRS not to hurry with initiating the reduction of monetary incentives.

Producer prices in Ukraine are growing at a rapid pace. The hryvnia tends to appreciate

Financial markets survey 16.08.2021