IMF Urges Kazakhstan To Stay The Course On Inflation
Collage: Orda.kz
The International Monetary Fund has backed the National Bank of Kazakhstan’s tight monetary policy following its June mission to the country, Orda.kz reports.
At the same time, the IMF’s latest statement no longer mentions economic overheating — a risk the fund had warned about earlier.
The IMF mission worked in Kazakhstan from June 3 to 12. According to the fund, economic growth remains resilient, supported by high oil prices. The IMF expects Kazakhstan’s GDP to grow by about 4.6% in 2026.
The fund noted that inflation in Kazakhstan is gradually slowing. It fell from 12.9% in September 2025 to 10.4% in May 2026. However, inflation remains above the target level, so IMF experts recommended maintaining restrictive monetary policy.
The IMF also repeated a point it has made before: the National Bank’s efforts alone are not enough to bring inflation down. State and quasi-state financing policies should also be more cautious, otherwise the economy could again face overheating risks.
Among the risks for Kazakhstan, the IMF listed stronger domestic demand, rising import prices, worsening conditions in global financial markets, and possible disruptions to the Caspian Pipeline Consortium.
Original author: Alexander Zhdanov
Read also:
Latest news
- Kazakh Officials Want to Ban Imported Apples
- Tokayev Congratulated Kazakhstanis On Capital Day And Nazarbayev On His Birthday
- Tourists From Kazakhstan Stuck in Kyrgyzstan Valley After Bridges Washed Away
- Almaty Ranked More Expensive Than Astana in Global Cost of Living List
- Almaty Region Puts High-Risk Mountain Lakes Under Constant Watch
- Kazakhstan and Six Other OPEC+ Countries Support Oil Production Increase
- Kazakhstan’s Respublica Party Keeps Chairman Before New Parliament Election
- Eroded Roads and Evacuations: Almaty Region Deals With Flood Aftermath
- Kazakhstan Steps Up Checks on Gas Stations and Mini-Refineries Amid Fuel Market Controls
- Withered Trees Instead Of Greenery: What Almaty Got After Sairan’s Costly Reconstruction
- Kazakhstan Sends Delegation to Iran for Farewell to Supreme Leader
- Kazakhstan Mining Giant Kazzinc Fined After Toxic Dust Release From Plant Explosion
- Almost 100 Houses Flooded After Heavy Rain In Mangistau Region
- Medeu Reconstruction Workers Complain About Unpaid Wages
- Tax Breaks Planned in Kazakhstan to Ease Pressure on Businesses and Investors
- More Than Two Tons of Infected Plums and Cherries From Kyrgyzstan Blocked at Kazakhstan Border
- Almaty Zoo Welcomes First Raccoon Cubs in Almost Two Decades
- Mausoleum, Necropolis and Rare Trade Artifacts Found in Northern Kazakhstan
- Imported Chinese Cars May Get Much More Expensive For Kazakhstanis
- Kazakhstan Reports Less Crime, But Serious Cases Are Becoming More Prominent
