Kazakh central bank expects to hit inflation target if oil averages $50 or $60

1000-tenge
1000 tenge banknote

The National Bank of Kazakhstan believes inflation will remain within its target of 6% to 8% this year and next regardless of whether the Brent crude price averages $50 or $60 per barrel.

It crunched the numbers on the two different scenarios, finding the lower prices would lead to a lower real GDP growth rate – 1.5% compared with 2% – but would have a relatively small impact on other elements of the economy.

Annual CPI inflation has hovered around 7.5% the past five months, after rising

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.