National Bank Survey: Analysts Raise Inflation and Interest Rate Forecasts for 2025
Photo: Elements.envato.com, ill purposes
Experts surveyed by the National Bank of Kazakhstan have lowered their expectations for the economy, projecting higher inflation and a steeper base rate through 2025, Orda.kz reports.
The central bank questioned 16 organizations in the country’s financial market on key indicators, including oil prices, GDP growth, inflation, interest rates, trade volumes, and the tenge exchange rate. Respondents were more pessimistic in their latest outlook.
Average annual inflation is now expected to reach about 12% in 2025, compared to 11.3% in the previous forecast. Analysts see inflation easing to 10% in 2026 and 7% in 2027, versus earlier estimates of 9.5% and 6.5%.
The base rate forecast was revised upward to 16.6% in 2025, before falling to 14.8% in 2026 and 12% in 2027.
Oil prices are projected to average $69 per barrel next year and gradually decline, but Kazakhstan’s economy is still expected to expand by 5.6% in 2025.
Original Author: Nikita Drobny
Latest news
- Kazakhstan Refuses To Ease Access To Hazardous Work Payments
- Almaty Metro To Replace Korean-Controlled System After Technical Failures
- Fewer Kazakhstanis Work Outside Their Home Regions
- Safety Violations Cited As Possible Cause Of Kazzinc Plant Explosion
- Tenge Weakens Five Percent In May As National Bank Reports No Interventions
- New Direct Flights From Kazakhstan To Warsaw, Izmir, And Larnaca
- Kazakhstan Clarifies Position On Possible Iranian Uranium Storage
- EU Politicians Eye Kazakhstan And Uzbekistan As Possible Sites For Migrant Return Centers
- Kazakhstanis Are Leaving The Regions For Megacities
- Kazakhstan Could Store Iranian Uranium If US-Iran Nuclear Deal Is Reached
- Kazakhstan’s EV Boom Is Here. Is The Grid Ready?
- Cyprus President To Make First Official Visit To Kazakhstan
- Kazakh Investors May Gain Remote Access To Armenian Stock Market
- Call Center In Ukraine Scammed Kazakhstanis By Posing As Banks And Police
- Kazakhstan Marks Day Of Remembrance For Victims Of Political Repression And Famine
- Kazakhstan Considers Molecular Markers To Track Fuel Supply Chains
- Tengiz Oil Production Gradually Restored After Operational Failure
- Tokayev Meets Cuban Vice President To Discuss AI And Medicine
- Karaganda Zoo Shows Newborn Amur Tiger Cubs For The First Time
- Putin and Tokayev Consolidate New Format of Relations, Political Analyst Says
