Kazakhstan kept borrowing costs unchanged for the third time this year and indicated they are likely to stay there for the first half of 2023 as worries over inflation persist.
The National Bank held its key interest rate at 16.75% on Friday, leaving it within 25 basis points of the highest on record. The balance of factors indicates a need to keep the rate at this level in the first half to reduce inflation in the medium term, it said.
Source : Kazakhstan Central Bank keeps key rate unchanged as inflation concerns linger