National Bank forecasts levels of Ukrainians' salaries in coming two years

The National Bank of Ukraine (NBU) expects a slowdown in the growth of wages and salaries in Ukraine, forecasting an increase in nominal wages by 16% and by 10% (or by 7% and 5% in real hryvnias) in 2019 and 2010, respectively.

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In particular, the regulator indicates an expected decrease in a brain drain, as well as lower rates of an increase in the minimum wage and salaries in the public sector are among the determining factors of the slowdown in wage growth, according to the NBU's website.

The National Bank says moderate growth rates for the minimum wage are laid down in the budget for the medium-term outlook, that is a 12% increase to UAH 4,170 (US$150) in 2019.

The central bank recalled that wages and salaries grew by 37% last year, projecting that employers may increase nominal wages by 25% (or by 13% in real hryvnias) this year.

As UNIAN reported earlier, the minimum wage in Ukraine on January 1, 2018, grew from UAH 3,200 ($115) to UAH 3,723 ($134).

Ukraine's government forecasts an increase in the average wage in 2018, to UAH 10,000 ($360).