Kazakhstan: Experts Change Inflation Outlook

Economic experts have worsened their forecast for Kazakhstan's inflation rate in 2025. Analysts' expectations for 2024 remain the same, Orda.kz reports.
The National Bank has published the results of an expert survey. Experts regularly provide macroeconomic indicator projections. Analysts assessed Kazakhstan's economic growth prospects, inflation level, oil prices, base rate, tenge exchange rate, and export and import volumes.
Analysts have changed their inflation forecasts for 2025 from 6.7% to 6.9%. Expectations for 2024 and 2026 remain the same - at 8.4% and 6.0%, respectively,
notes the National Bank.
The economic growth outlook has been adjusted from 5 percent to 4.7%.
Experts believe the country's GDP will grow by 4.2% by the end of 2024. The forecast for the base rate has been revised upward: earlier, analysts expected that it would be reduced to 12% in 2025; now, they think it will be no more than 12.5%.
Original Author: Nikita Drobny
Latest news
- EU Approves New Sanctions Targeting Russian Oil Industry and Banks
- Analyst Arman Beisembayev Explains the Record-Breaking Exchange Rate
- Qarmet and China’s Dadi Engineering Sign Coal Modernization Deal
- Zelenskyy Tasks Umerov with Intensifying Negotiations
- Georgian Dream Sees EU Visa Threat as Pressure
- Saken Mamash: Former Kazakh Diplomat Sentenced to Six Years for Abuse of Ex-Wife
- Kazakhstan Has Used 60% of Its National Fund Transfer Quota in First Half of 2025
- Oil Company Pays Nearly 200 Million Tenge in Wage Arrears
- Journalist Lukpan Akhmedyarov Says His YouTube Channel Has Been Removed
- Trump Raises the Stakes: Could Kazakhstan Face Secondary Sanctions?
- Uzbekistan, Afghanistan, and Pakistan Sign Agreement on Trans-Afghan Railway Feasibility Study
- Maintenance Completed at Pavlodar Petrochemical Plant Ahead of Schedule
- Tied to a Saddle and Dragged Across the Steppe: Family Blames Husband for Woman’s Death in Jetisu
- Renowned Poet and Playwright Israil Saparbay Passes Away at 84
- Scandal Over UAS Escalates with Russian Link and Legal Concerns
- Kairat Perizat: Witnesses Describe Fundraising at NIS and Large Cash Transfers in June 17 Hearing
- Syrian President Pledges Security For All Amid Sweida Tensions and Israeli Strikes
- KNB Anti-Corruption Service Detains Regional Tax Official in Aqmola
- Aqtau Faces Power Outages Amid MAEK Equipment Issues
- President Signs Law on Governance, Infrastructure Development