Kazakhstan's National Bank Cuts Key Interest Rate to 15.75%

Kazakhstan's National Bank has reduced its base interest rate from 16.25% to 15.75%. This marks the 12th consecutive month of slowing inflation, attributed to a relatively tight monetary policy and favorable tenge exchange rate dynamics. The bank noted that geopolitical tensions in the Middle East are increasing inflationary pressure.

Read the full article at Azattyq →

Headline and summary written by daryo. The full report belongs to Azattyq.