Kazakh economy

Kazakhstan's GDP accelerates up to 4.4%

Kazakhstan's GDP accelerates up to 4.4%

Kazakh National Economy Minister Alibek Kuantyrov told the Government meeting about the main economic growth indicators in the first quarter of 2022, according to Kazinform. In January-March this year the country’s economic …

Kazakh central bank raises policy rate to 10.25%

Kazakh central bank raises policy rate to 10.25%

Kazakhstan's central bank raised its main interest rate to 10.25% from 9.75% on Monday. The bank said it expects inflation to slow to 6.0-6.5% this year from last year's 8.4% thanks to tighter monetary policy and other measures …

Kazakh central bank raises policy rate to 9.25%

Kazakh central bank raises policy rate to 9.25%

Kazakhstan's central bank raises policy rate to 9.25% Kazakhstan's central bank raised its policy rate to 9.25% from 9.0% on Monday, citing the need to prevent inflation from spiraling as the economy started to recover. …

Kazakh central bank hikes key rate to 12%

Kazakh central bank hikes key rate to 12%

Kazakhstan's central bank hiked its policy rate to 12.0% from 9.25% today, governor Yerbolat Dosayev said. He cited risks of pressure on the tenge exchange rate and inflation after the collapse of oil prices, Reuters reported. …

Tokayev announces democratic reforms in Kazakhstan

Tokayev announces democratic reforms in Kazakhstan

Political transformations in Kazakhstan will take into account the state's interests, Kazakh President Kassym-Jomart Tokayev told parliament in an annual address on Monday. The president criticised the central …

 Kazakh President urges tighten control over budget process

Kazakh President urges tighten control over budget process

President of Kazakhstan Kassym-Jomart Tokayev chaired a meeting on budget planning in Akorda. The session was attended by Prime Minister Askar Mamin, first Deputy PM, Minister of Finance Alikhan Smailov, Deputy PMs …

Tenge hits new record low

Tenge hits new record low

The Kazakh tenge dropped to 386.9 per dollar on the Kazakhstan Stock Exchange (KASE) this morning as of August 6, 2019, the press service of KASE said. The maximum dollar selling rate in exchange offices of Nur-Sultan is 387.2 …

Kazakhs policy rate unchanged at 9.25%

Kazakhs policy rate unchanged at 9.25%

Kazakhstan’s central bank kept its policy rate unchanged at 9.25%, in its first review since last month’s leadership reshuffle at the Central Asian nation’s financial regulator. The bank said in a statement that the …

Kazakh National Bank improves 2019 economy growth forecast

Kazakh National Bank improves 2019 economy growth forecast

The National Bank of Kazakhstan forecasts the country's economic growth of 2.7% in 2019.  (2.6% in the previous forecast round), in the first half of 2020 – 2.7%. The main driver of economic growth will be the growth …

Kazakhstan's National Bank conducts currency intervention

Kazakhstan's National Bank conducts currency intervention

Kazakhstan’s National Bank decided to conduct currency interventions to prevent the strengthening of devaluation expectations and stabilize the domestic foreign exchange market. The press service of the bank said that in the …

IMF upgrades Kazakhstan GDP forecast

IMF upgrades Kazakhstan GDP forecast

The International Monetary Fund (IMF) expects Kazakhstan’s economy to expand 3.7% in 2018 and 3.1% in 2019, the fund said in a press release. "The growth rate of Kazakhstan's economy increased due to an increase in oil …

Kazakhstan to limit payments in foreign currency

Kazakhstan to limit payments in foreign currency

Kazakhstan will limit the turnover in the foreign exchange market, the relevant law was signed the yesterday by the country's President Nursultan Nazarbayev. The amendment to the Law "On Currency Regulation and …