The National Bank expects Kazakhstan's economy to grow by 4.5-5.5% by the end of the year.

The National Bank expects Kazakhstan's economy to grow by 4.5-5.5% by the end of the year.

The National Bank of Kazakhstan hosted a presentation of the International Monetary Fund's (IMF) regional review, where experts and the regulator's management discussed economic prospects, inflation risks and the impact of global shocks.

From January to September 2026, the economy grew by 4.2%, and without the mining sector - by 5.4% due to production, construction and services. At the end of the year, growth is expected to be in the range of 4.5-5.5%.

Annual inflation slowed to 9.2% in October, but price pressure remained. The target of the National Bank remains unchanged - to return inflation to the target of 5%.

The regulator focuses on containing secondary inflationary effects from food and energy prices, continuing the joint plan with the government to coordinate monetary and fiscal policy for the years 2026-2028.