National Bank of Kazakhstan Cuts Base Rate to 15.75% as Inflation Eases

The National Bank of Kazakhstan lowered its base rate by 50 basis points to 15.75% on Oct. 23, as annual inflation slowed to 9.3% in September. The new rate took effect Oct. 27. The previous 16.25% setting had been effective since Sept. 7, following a July reduction to 16.75% . The bank placed the rate corridor 1 percentage point on either side of the base rate. September’s annual inflation reading compared with 9.8% in August. Household inflation expectations were 11.8% for September, down from 12.1% the month before. National Bank of Kazakhstan Gov.

Source: TokenPost