Kazakhstan’s central bank has announced a reduction in its base rate to 15.75%, a move that aligns with market expectations and comes as a response to a dynamic downturn in annual inflation. This strategic adjustment also reflects the stabilization of volatile inflation expectations around historical norms.
The National Bank of Kazakhstan (NBK) indicated that October’s monthly inflation remained steady at 0.7%, suggesting that domestic fiscal stimuli and robust consumer demand, which tend to push prices higher, are being offset by declining global food costs and strict foreign monetary policies.
Read More : Kazakhstan Central Bank Slashes Base Rate to 15.75% in Response to Inflation Trends