Kazakhstan's Economy in 2027: Analysts Predict Tenge Depreciation Amidst Lower Oil Prices and Interest Rates

Analysts forecast that Kazakhstan's tenge may weaken against the US dollar by 2027, reaching 515 tenge per dollar. This projection is based on the gradual decrease in the base interest rate and potential decline in oil prices. While the tenge strengthened in Q3 2023, future factors like reduced National Bank currency supply and lower rates are expected to influence its course.

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