Inflation in Kazakhstan to exceed 20% - National Bank
Astana. December 6. KazTAG - Inflation will exceed 20% in Kazakhstan, reports the National Bank.
“At the end of 2022, inflation will be in the range of 20% -21%. We expect the peak of annual inflation to be reached in the first quarter of 2023,” the National Bank commented on the increase in the base rate to 16.75%.
The inflation forecast has been raised to 11-13% by the end of 2023, to 7-9% in 2024 and to 4-6% in 2025
Photo source: picture from an open source