Kazakh National Bank Lowers Base Rate to 17%

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – The Monetary Policy Committee of Kazakhstan’s National Bank decided on June 5 to set the base rate at 17% per year, with a ±1 percentage-point corridor, citing updated macroeconomic forecasts and easing inflationary pressures. Annual inflation continued to slow, reaching 10.4% in May, down from a peak of 12.9% in September last year.… The post Kazakh National Bank Lowers Base Rate to 17% appeared first on The Astana Times.