National Bank of Kazakhstan Cuts Base Rate to 15.75% Amid Inflation Concerns

The National Bank of Kazakhstan has lowered its base rate to 15.75%, a significant reduction from 18% since October 2025. This move aims to reduce borrowing costs for businesses and households, though high inflation, nearly double the 5% target, remains a challenge. Further cuts depend on a sustained slowdown in inflation, with risks including rising global energy prices and high government spending.

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