ASTANA, Kazakhstan, July 11. Analysts from ING Group in their report Divergent oil and gold prices are shaping the CIS-4’s economic path note that inflation risks in the CIS countries remain manageable so far, Trend reports citing the latest ING Group report.
Nevertheless, Kazakhstan distinguishes itself within the
regional landscape—year-on-year inflation metrics in the republic
escalated to 11.8 percent in June, whereas other CIS nations
exhibited relative stability despite persistent upward pressure
from escalating food price indices.
Furthermore, analysts correlate the uptick in inflationary
pressures within Kazakhstan to robust internal consumption
dynamics. In light of prevailing economic indicators, analysts
anticipate that the National Bank of Kazakhstan (NBK) will maintain
the status quo regarding the interest rate at its forthcoming
policy meeting. Concurrently, should pro-inflationary dynamics
associated with fiscal policy and the financial sector continue to
manifest in the latter half of 2025, the potential for an elevation
of the benchmark interest rate remains viable.
In the broader regional context, the probability of interest rate
adjustments appears minimal, with analysts highlighting that,
amidst global volatility and domestic impediments, the potential
for rate reductions in the latter half of the fiscal year is
similarly constrained.
ING Group is an international financial corporation with Dutch roots, founded in 1991. It provides banking, investment, and insurance services worldwide. ING is known for its innovative approach to digital banking and sustainable development. The company’s headquarters are located in Amsterdam.
