Inflation forecast (January, 2024)

The AERC continues to publish its monthly inflation forecast. In the current review, AERC updates its inflation estimates for January and February and also provides a forecast for March 2024. The review discusses external and internal factors of inflation, including monetary aggregates. inflation in Russia and the eurozone, the USD/KZT exchange rate, etc. The report also pays attention to the latest decision of the National Bank at the time of writing (January) on the base interest rate.