Kazakhstan Deposit Rates Slow Down After Central Bank Cuts

Kazakhstan Deposit Rates Slow Down After Central Bank Cuts

Kazakhstan's deposit rates continued their downward trajectory in October, although the pace of adjustments slowed compared to previous months. According to the Kazakhstan Deposit Insurance Fund (KDIF), nine banks revised their deposit conditions during the period. This shift occurred against the backdrop of the National Bank cutting its key rate for the fourth consecutive time, bringing it down to 15.75%. In the demand deposit segment, where fu…

National Bank of Kazakhstan Cuts Base Rate to 15.75% as Inflation Eases

The lower rate took effect Oct. 27. Household inflation expectations were 11.8% in September, down from 12.1% in August.