Kazakhstan National Bank Revises Inflation Forecast Upward for 2027

The National Bank of Kazakhstan has raised its 2027 inflation forecast to 6.5%-8.5% from 5.5%-7.5%, citing concerns over increased government spending and a planned minimum wage hike. The forecast incorporates the impact of the 'People's Construction' program and a rise in minimum wage to 110,000 tenge in January 2027.

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