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Kazakhstan’s central bank signaled that inflation is likely to overshoot its 4% target significantly in 2027, according to remarks reported by First Squawk. The guidance implies price pressures will remain stickier than officials previously expected, extending beyond the current policy horizon. The 4% level functions as the anchor for the bank’s inflation-targeting framework, so a material overshoot would complicate the rate path and could delay easing. Investors should watch upcoming policy statements and inflation prints for how officials recalibrate the target horizon and respond with interest rates.

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