The Chairman of the National Bank of Kazakhstan, Galymzhan Pirmatov, has projected that the country's inflation will range from 10-12% by the end of 2023.
Reportedly, the trend is expected to slow down to 5.5-7.5% by the end of 2025, and inflation is expected to remain close to the target of 5%.
Pirmatov emphasized that this development would help ease inflationary pressure from the external economic environment and maintain favorable monetary conditions.
The National Bank's Chairman also stated that these estimates align with the Government's projections, and these steps aim to ensure economic stability in the country.
Earlier, Daryo reported that the National Bank of Kazakhstan has announced a reduction in the base rate from 16.75% to 16.5%, with a corridor of +/- 1%.
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