Kazakhstan News
National Bank of Kazakhstan Predicts Higher Inflation in 2025
The National Bank of Kazakhstan (NBK) has updated its forecasts for inflation and economic growth. Inflation in 2025 is expected to range between 6.5% and 8.5%, following a projected 8–9% in 2024. GDP growth for 2025 is forecasted at 4.5–5.5%. Key inflationary drivers include fiscal stimulus, rising utility tariffs, external inflationary pressures, and heightened domestic inflation expectations.
