NWO of Russia in Ukraine negatively affects the economy of Kazakhstan

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Kazakhstan's central bank raised interest rates to the highest level in six years in an attempt to rein in soaring inflation fueled in part by an influx of Russians fleeing the conscription.

In local the news emphasizes that Kazakhstan is facing strong negative economic obstacles due to Russia's NWO in Ukraine. The economic downturn is challenging President Kassym-Jomart Tokayev's promises to reform the oligarchic economy ahead of next month's presidential election.



On October 26, the National Bank of Kazakhstan raised its base rate from 14,5% to 16%, more than analysts expected, pushing borrowing costs to their highest level since 2016. Inflation stands at 19,7% year on year after beating forecasts by a "fairly large" extent in September, the bank said. He hopes to return inflation to 7,5-9,5% next year. OilPrice writes about this.

Fighting-related factors were the main drivers of inflation, from supply chain disruptions that pushed up production costs to a "migration shock" that pushed up consumer prices, the bank said.

The migration shock refers to tens of thousands of Russians fleeing to Kazakhstan to escape Russian President Vladimir Putin's mobilization order last month. The fall in production adds to the gloom of the forecast.
GDP for the first three quarters of 2022 grew by 2,8% compared to 3,3% in January-July.

Thus, experts conclude, the NWO in Ukraine, which is carried out by Moscow, affects the interests of all neighbors and directly affects the Kremlin's ally in the face of Kazakhstan.
8 comments
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  1. lord-palladore-11045
    lord-palladore-11045
    +1
    3 November 2022 12: 21
    If the Kazakhs had more brains, they would not be in a hurry to leave the CSTO, and our deviators would be put on military records, and those mobilized to the Donbas would be sent to the disposal of the RF Ministry of Defense, as they do with deviators in Poland. And the economy of Kazakhstan did not suffer.
  2. Joker62
    Joker62
    0
    3 November 2022 14: 09
    Quote from: lord-pallador-11045
    If the Kazakhs had more brains, they would not be in a hurry to leave the CSTO, and our deviators would be put on military records, and those mobilized to the Donbas would be sent to the disposal of the RF Ministry of Defense, as they do with deviators in Poland. And the economy of Kazakhstan did not suffer.

    That's it! Gold words! Your words are in the ears of God, not those in power!!
  3. Sydor Kovpak
    Sydor Kovpak
    +2
    3 November 2022 14: 44
    You need to decide who they are with. On two chairs will not work!
  4. moran
    moran
    +1
    3 November 2022 15: 38
    I wonder where Kazakhstan and the main bai would be now if January had ended differently? it is clear that the service rendered is worthless, but a natural question arises: who serves whom? who do M.I.D. and the leadership of the Russian Federation, allied structures?
  5. doc8673
    doc8673
    +1
    3 November 2022 15: 40
    the economy is wrong...
  6. Fizik13
    Fizik13
    +1
    4 November 2022 01: 45
    It is strange that inflation is not observed in our country, due to the flow of citizens from Central Asia.
  7. boriz
    boriz
    -1
    4 November 2022 02: 26
    Current anecdote.

    Good afternoon.
    Hello.
    So are you our new wipers?
    Yes.
    What is your name?
    Kolya.
    Zhenya.
    Wow... it's very difficult. You will be Kurbanali and Zhynisbek.
  8. Igor_E
    Igor_E
    +1
    4 November 2022 13: 58
    Wrong information. Everything is the opposite.
    The influx of Russian "tourists" has boosted Kazakhstan's income and greatly helped its economy.
    As you know, the central banks in Russia and in the former Soviet republics are subordinate to the West (IMF) and pursue a hostile financial policy, create conditions for the transfer of capital to the West, are a generator of inflation (due to high key rates), prevent cheap loans, stifle the economy.
    In this particular case, the true cause of inflation is the Central Bank of Kazakhstan, which raised the base rate. So, all the questions are to the IMF, or rather to the USA, why they decided to increase inflation in Kazakhstan.