The Eurasian Development Bank (EDB) forecasts that Kazakhstan's economy will maintain steady growth in 2026, with GDP increasing by 5.5%. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
According to experts, economic growth will be positively influenced by the launch of 200 investment projects under the state industrial policy, as well as the implementation of the National Infrastructure Plan. Additionally, the maintenance of high oil prices and the gradual reduction of the National Bank's base rate will support economic development.
The EDB predicts that inflation will reach 9.7% by the end of 2026. The slowdown in price growth will be driven by the following factors: the maintenance of high interest rates; the strengthening of the tenge exchange rate; and the limitation of price increases for state-regulated goods and services.
Experts estimate that the National Bank's base rate will be at 16% by the end of 2026. According to the EDB, the average annual exchange rate of the US dollar in 2026 will be approximately 490 tenge. The stability of the tenge exchange rate will be influenced by: the high yield of financial instruments denominated in tenge; high oil prices; and foreign investors' investments in government securities.