Kazakhstan Holds Key Rate at Record in Fight Against Inflation

Kazakh National Bank Keeps Base Rate at 18% Amid Persistent Inflation Pressures

The Astana Times provides news and information from Kazakhstan and around the world. ALMATY – The Monetary Policy Committee of the National Bank of Kazakhstan (NBK) has decided to keep the base rate unchanged at 18%, citing updated macroeconomic forecasts and a continued balance of inflationary risks.  Photo credit: Shutterstock Annual inflation eased slightly to 12.6% in October, but price pressures remain elevated across most components, repor…

Kazakhstan Holds Key Rate at Record in Fight Against Inflation

Kazakhstan held interest rates at a record high after inflation showed signs of slowing due to central bank tightening and government measures, but warned it was unlikely to lower borrowing costs in the first half of next year.