According to their forecasts, the monthly inflation rate is expected to decrease to 0.88% in April, while the annual inflation rate will reach 9.33%.
In January, the annual inflation rate was 8.9%, which was higher than anticipated. Analysts take into account the dynamics of actual data from January, as well as projections for February and March, along with the influence of both internal and external factors.
Additionally, it was reported today that the strengthening of the tenge is currently not a priority for the National Bank of Kazakhstan. A weak tenge is also advantageous for extracting companies, which are key players in Kazakhstan's economy, as the increase in foreign currency revenue boosts tax revenues and replenishes the National Fund.