The speech reports domestic GDP growth of 4.2% over the first nine months of this year and annual inflation of 9.3%, alongside a September base-rate cut to 16.25%. It describes liquidity absorption, lending regulation and differentiated bank taxation, plus a National Crypto Reserve. The unnamed Deputy Governor attributes disinflation to coordinated policy measures but acknowledges persistent risks. Despite its title, the supplied body provides no budget allocations for 2027–2029.
The unnamed Deputy Governor argues that coordinated monetary, liquidity and government measures are reducing inflation and supporting conditions for sustainable growth.
Bank for International SettlementsGDP grew 4.2% over the first nine months of this year.
Bank for International SettlementsAnnual inflation was 9.3%, slowing for the twelfth consecutive month; its observation date is unspecified.
Bank for International SettlementsThe base rate was cut to 16.25% on 4 September.
Bank for International SettlementsMinimum reserve requirements absorbed 4.3 trillion KZT; gold-purchase mirroring withdrew 3.2 trillion KZT in the first nine months of this year.
Bank for International SettlementsThe speaker says another 900 billion KZT is to be withdrawn through mirroring by year-end.
Bank for International SettlementsRetail and business loan portfolios grew 11.6% and 14.2% year-on-year; observation dates are unspecified.
Bank for International SettlementsThe National Crypto Reserve totaled USD 700 million; nearly USD 200 million had been invested.
Bank for International SettlementsLimitation: The speaker acknowledges persistent price-stability risks and calls for continued implementation of stabilization and anti-inflation measures.
Bank for International SettlementsNo ideas are linked to this story yet.