Kazakh president calls for three-year action plan to curb inflation

ASTANA. Feb 10 (Interfax) - Kazakh President Kassym-Jomart Tokayev has asked the government and National Bank of Kazakhstan to draft and implement measures to reduce inflation within a three-year timeframe.

"The government and the National Bank must jointly develop a step-by-step action plan. All relevant agencies and the expert community must be involved in this critically important work. I reiterate: we urgently need to reverse the unfavorable trend and take concrete measures to reduce inflation within three years. We must ensure the high-quality execution of this joint program," Tokayev said at an extended government meeting on Tuesday.

He said attempts to merely "talk away" the problem through discussions or the creation of superfluous "roadmaps" would be "regarded as an evasion of responsibility."

"I warn you in advance: in such cases, strict measures will be taken. Only specific indicators that lead to an increase in real incomes will be recognized as results," Tokayev said.

As immediate priorities, he said the government must ensure stable and acceptable inflation levels, maintain balanced public finances, and deliver the new cycle of investment initiatives in full.

Kazakhstan has 12.3% inflation in 2025, up from 8.6% in 2024, the National Bank has said. Annual inflation was 12.2% in January 2026.