ALMATY, Kazakhstan, December 18. Slowing
inflation in Central Asia will create conditions for lower interest
rates, Vice Chairman of the Management Board and Chief Economist at
the Eurasian Development Bank (EDB) Evgeny Vinokurov said at the
presentation of the report “Macroeconomic Forecast 2026-2028” in
Almaty, Trend's
special correspondent reports.
He believes that inflation will slowly but surely take a back
seat in most Central Asian countries.
"By the end of 2026, according to our forecasts, inflation in
Kazakhstan will be around 9.7%, in Kyrgyzstan 8.3%, and in
Uzbekistan 6.7%. In Tajikistan, inflation will reach 4.5% y/y by
the end of 2026, remaining within the target range. Slowing
inflation will create conditions for lower interest rates," he
said.
According to EDB analysts, the currencies of the majority of
nations are poised to exhibit consistent fluctuations.
The EDB is a multilateral development bank designed to promote
economic growth in member states, expand trade and economic ties
between them, and develop integration processes in the Eurasian
space through investment activities. The EDB has seven member
countries: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia,
Tajikistan, and Uzbekistan.
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