National Bank of Kazakhstan Identifies Goods Most Affected by Tenge Depreciation
Summary
The National Bank evaluated how changes in the tenge exchange rate against the USD and RUB affect consumer prices in Kazakhstan.
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The National Bank of Kazakhstan has evaluated the impact of tenge exchange rate fluctuations against the US dollar and the Russian ruble on domestic goods prices.
According to the monetary policy report, the depreciation of the national currency has a stronger effect on non-food goods than on food products.
The central bank noted that both the speed and the overall scale of this pass-through effect into domestic prices depend on specific market factors.
Source: Kursiv
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