12 April: Kazakhstan's National Bank keeps base rate at 14.75% despite slowing inflation.
The National Bank of Kazakhstan has maintained its base rate at 14.75% on April 12, according to the bank's press service. This decision comes despite an annual inflation slowing to 9.1% in March. The central bank stated that the monetary policy should remain tight to meet the 5% inflation target, with limited room for monetary easing in the current environment. The next scheduled decision on the base rate is due on May 31.
April 12, 2024
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