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Economy and daily life
13 stories about Kazakhstan: prices, inflation and tariffs, newest first. This page updates by itself with every new story.
The National Bank of Kazakhstan has lowered its base rate from 16.25% to 15.75%, according to Egemen Qazaqstan. The central bank cited a slowdown in annual inflation and a strengthening of the tenge as reasons for the decision. At the end of September, annual inflation in Kazakhstan stood at 9.3%, and it has been declining for 12 consecutive months.
Kazakhstan's National Bank has cut its base rate from 16.25% to 15.75% a year, keeping a corridor of ±1 percentage point. The bank had already lowered the rate from 16.75% to 16.25% in early September.
The National Bank of Kazakhstan will announce its next base rate decision on 23 October. Most experts expect the rate to fall from 16.25% to 16%, although the regulator could pause due to inflation risks and an economic slowdown. The base rate is currently 16.25%, within a corridor of 15.25% to 17.25%. It would be the seventh decision this year, and the bank cut the rate at three consecutive meetings before this.
Technology
Kazakhstan's statistics system is preparing for digital transformation. The Bureau of National Statistics plans to reduce the collection of reports and make greater use of data from government bodies and companies. The change directly affects the country's official statistical work.
Kyrgyzstan's authorities expect to achieve the lowest inflation among Central Asian countries by the end of 2027. A state programme to restrain price growth is due to take effect in the country on January 1. The announcement was made by presidential press secretary Askat Alagozov.
The first data center in Ekibastuz, with a capacity of 50 MW, is planned to come online in the second quarter of 2027. Kazakhstan's Minister of Artificial Intelligence and Digital Development, Zhaslan Madiyev, and Bagdat Musin, chairman of the board of Kazakhtelecom, announced this during a visit to the Data Center Valley construction site. The information was reported by Kapital.kz, citing the ministry's press service.
The International Monetary Fund projects that Kazakhstan's inflation will fall to 8.2% in 2027, while economic growth is expected to accelerate to 4.9%, according to the IMF's latest World Economic Outlook. The report was released on October 13 at the IMF and World Bank annual meetings in Bangkok.
Participants in the National Bank of Kazakhstan's macroeconomic survey expect inflation in Kazakhstan to reach 9.5% for 2026. In August, the same participants had forecast inflation at 10%. Estimates for the following two years also fell, according to the results of the October survey.
Kazakhstan's Kurultai is set to consider the draft republican budget for 2027–2029 today. According to 24KZ, the budget covers the next three years, while deputies will also review amendments to the law on state awards.
Economy
Deputy Prime Minister and Minister of National Economy Serik Zhumangarin presented Kazakhstan's socio-economic development forecast for 2027 to 2029, according to a correspondent of the Kazinform news agency.
Economy
Kazakhstan's economy grew 4.2% in January–September 2026, according to figures reviewed at a government meeting. Other indicators of the country's socio-economic development were also considered at the session.
Deputies of Kazakhstan's Kurultai approved in first reading a draft republican budget for three years. According to Egemen.kz, the document aims to maintain macroeconomic stability, fulfil all social obligations and accelerate infrastructure development, as set out by the Head of State.
Deputies of Kazakhstan's Kurultai approved in first reading a bill “On the Republican Budget for 2027-2029”, NUR.KZ reported, citing the parliament's press service. The Kurultai's Telegram channel said the document includes priorities such as preserving macroeconomic stability, fulfilling all social obligations and accelerating infrastructure development.
Turkey's rate cut, Azerbaijan's net-zero strategy, Armenia-Azerbaijan peace treaty timing and Kashagan arbitration ruling in today's Turkic news.
Read today's digest →