Макроэкономический обзор

Results of the expert survey for 2H 2025 and market overview

Macroeconomic review

We are conducting our sixteenth survey on macroeconomic indicators among leading economists (including those with experience in central banks), professors of macroeconomics, and representatives of international development institutions, commercial banks, and brokerage firms, with the aim of obtaining a balanced and consolidated view of the factors most relevant to Kazakhstan’s economy.

This survey focuses on forecasting macroeconomic indicators over horizons ranging from one to five years, including:

●     Brent crude oil price

●     USD/KZT, USD/RUB, RUB/KZT exchange rates

●     Inflation in Kazakhstan

●     Base rate of the National Bank of Kazakhstan (NBRK)

We understand that revealing the identity of experts may affect the quality of their responses. To maximize the objectivity of opinions, this survey was conducted confidentially. The names and positions of respondents were disclosed only with their formal permission.

Macroeconomic review

Results of the expert survey for 2H 2025 and market overview

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