Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People's Republic of China – State Council News
Astana, August 29 /Xinhua/ — The Monetary Policy Committee of the National Bank of the Republic of Kazakhstan has decided to keep the base rate at 16.5 percent per annum with a corridor of 1/- 1 percentage point. This was reported on Friday by the Kazinform agency with reference to the National Bank.
The National Bank noted that the decision was based on the results of the updated forecast round. In July, annual inflation was 11.8 percent, prices for food and non-food products continued to rise, while the contribution of the services sector began to decline.
Inflation expectations of the population rose to 14.2 percent in July. External factors continue to put pressure on prices: global food prices are rising, inflation in neighboring countries remains high.
According to the National Bank's forecasts, inflation in 2025 is expected to be within 11-12.5 percent, in 2026 – 9.5-11.5 percent. Economic growth in 2025 is projected at 5.5-6.5 percent, which is facilitated by investment activity and stable consumer demand.
From September 2025, new conditions for minimum reserve requirements and additional measures aimed at cooling the retail lending market will be introduced. The National Bank emphasized that if inflation does not slow down, monetary conditions may be tightened. –0–
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
.