Inflation Dropped 1.2% in 2024, National Bank Chair Reports to Toqayev

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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