Inflation Dropped 1.2% in 2024, National Bank Chair Reports to Toqayev
Photo: Aqorda
National Bank Chair Timur Suleimenov met with President Toqayev, reporting annual inflation at 8.6% for 2024, down from 9.8% in 2023, meeting the bank's target.
Key financial indicators for the past year:
- Pension fund (UAPF) investment income: 3.4 trillion tenge, with a 17.8% return rate (double the inflation)
- National Bank's foreign reserves: up 27.4% to $45.8 billion
- National Fund investment income: 7.5% ($4.5 billion)
President Toqayev emphasized stabilizing inflation and coordinating macroeconomic policies between the National Bank and the Government.
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
