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flag Kazakhstan raises interest rate to 16.5% to fight 9.4% inflation, aiming for 5% by 2027.

flag The National Bank of Kazakhstan increased its base interest rate to 16.5% to combat rising inflation, which reached 9.4% in February. flag The bank aims for a 5% inflation rate and expects it to be between 10-12% in 2025 and 9-11% in 2026, decreasing to 5.5-7.5% by 2027 due to their monetary policies. flag This move is part of their efforts to reduce inflation and stabilize the economy.

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