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. Photo credit: Shutterstock 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 for the 12th consecutive month, r

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