The National Bank of Kazakhstan projects that inflation will decrease to 6.9% in 2025
Kazakhstan’s inflation is expected to slow down from 7.5-9.5% in 2024 to 5.5-7.5% in 2025, said Chairman of the National Bank Timur Suleimenov at an Aug. 27 government meeting.
Suleimenov highlighted that Kazakhstan’s inflation is expected to decrease to 6.9% in 2025, driven by effective monetary policy, stable global commodity prices, and alignment with trade partner inflation goals. Export growth is projected, with non-resource exports rising from $80.8 billion in 2024 to $82.3 billion in 2025, supported by strong global prices for hydrocarbons and metals.
Imports are also set to increase, surpassing 2023 levels, reaching $61.3 billion in 2025 due to rising demand and state support programs. The National Fund’s net foreign exchange assets are forecasted to grow from $57.8 billion in 2025 to $74 billion by 2027.(Source:astanatimes)
