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.
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