Kazakhstan Cuts Base Rate to 15.75% as Annual Inflation Falls to 9.3%
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Kazakhstan Cuts Base Rate to 15.75% as Annual Inflation Falls to 9.3%
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan’s National Bank has lowered its base rate to 15.75% from its previous level, citing a continued decline in annual inflation and easing inflation expectations. The Monetary Policy Committee announced the decision on Oct. 23, setting the rate corridor at plus or minus one percentage point around the base rate. “Annual inflation fell…
Kazakhstan Cuts Base Rate by 50 Basis Points as Inflation Slows
The Natsbank Monetary Policy Committee decided to set the base rate at 15.75 per cent per year with corridor +/- 1 p.p., reported to the regulator.
The National Bank of Kazakhstan reduced the base rate by 0.5 percentage points, from 16.25 per cent to 15.75 per cent annually, and the decision was taken against the background of a slowdown in inflation and a decline in inflationary expectations.
Kazakhstan's central bank cut interest rates for the fourth straight monthly meeting after inflation in Central Asia's biggest oil producer slowed to its lowest level since early 2025. However, the central bank warned that there is little chance of a further reduction this year. The National Bank of Kazakhstan on Friday...
The National Bank of Kazakhstan has reduced the base interest rate by 50 basis points from 16.25% to 15.75%. Banker.az reports that this decision, adopted on October 23, indicates that the process of easing monetary policy in the country continues. Annual inflation in Kazakhstan decreased to 9.3% in September. In August, this indicator was 9.8%. The annual increase in food prices decreased from 9.5% to 8.5%, and the increase in non-food prices d…
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