National Bank of Kazakhstan Raises Base Rate to 18% per Annum

National Bank of Kazakhstan Raises Base Rate to 18% to Curb Rising Inflation

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – The Monetary Policy Committee of the National Bank of Kazakhstan has set the base rate at 18% per annum with a corridor of ±1 percentage point, citing accelerating inflation and strong domestic demand on Oct. 10. National Bank Chairman Timur Suleimenov. Photo credit: National Bank The bank noted that annual inflation rose to 12.9% in September, above fo…

National Bank of Kazakhstan raises base rate to 18% per annum

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