The National Bank Will Be Less Likely To Inform Kazakhstanis About Inflation
Photo: Orda.kz
The National Bank has stopped publishing its monthly analytics on inflation and the public’s inflation expectations, Orda.kz reports. The latter are considered one of the key indicators of price growth and help predict its dynamics in advance.
The regulator says this decision is intended to improve its system of analytical publications and avoid duplicating information. Analytical data will now be published quarterly, not in separate reports, but as part of the monetary policy report. This will include, among other things, research on inflation trends and public expectations.
The National Bank also plans to include data on seasonally adjusted and core inflation — excluding short-term fluctuations and regulated tariffs — in the releases accompanying base rate decisions.
At the same time, the regulator has promised to continue publishing statistics on the public’s inflation expectations on its official website. However, it has not specified how often this information will be updated.
Inflation expectations are considered an important indicator because they directly influence demand for goods and services. When people expect prices to rise soon, they tend to spend their money more quickly, which in turn encourages sellers to raise prices.
Original author: Alexey Afonsky
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