Kazakhstan Experts Advise Locking In Deposit Rates Amid Expected National Bank Rate Cut

A Kazakhstani financier predicts the National Bank will lower its base rate on October 23rd, potentially more than anticipated. He advises citizens to secure current deposit rates, which are around 18-19% annually, before potential changes. Inflation slowdown and a stronger tenge are cited as reasons for the expected cut.

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