Kazakh National Bank Lowers Base Rate to 17%

Kazakh National Bank Lowers Base Rate to 17%

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – The Monetary Policy Committee of Kazakhstan’s National Bank decided on June 5 to set the base rate at 17% per year, with a ±1 percentage-point corridor, citing updated macroeconomic forecasts and easing inflationary pressures. Photo credit: The National Bank. Annual inflation continued to slow, reaching 10.4% in May, down from a peak of 12.9% in Septemb…

Kazakhstan Surprises With First Cut to Interest Rate Since 2024

Kazakhstan unexpectedly cut its key interest rate for the first time in almost two years as inflation in the Central Asian oil producer continued to slow, but signaled policy would remain relatively tight.

National Bank Sees No Tenge Weakening After Base Rate Cut