Experts of the financial market interviewed by the Association of Financiers of Kazakhstan (AFK) have predicted that the annual inflation will drop to 8.8% this year if the base rate is at 12.5%, the February survey by the AFK says.
By early March the USD exchange rate is expected at 455 tenge (457 in the January survey). The slight weakening of the American currency in Kazakhstan is due to the February taxation period, when businesses must pay corporate income, mineral extraction tax, export rental tax and other payments for 2023.
However, the experts warned that the high volatility of oil...