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Kazakhstan raises interest rate to 16.5% to fight 9.4% inflation, aiming for 5% by 2027.
The National Bank of Kazakhstan increased its base interest rate to 16.5% to combat rising inflation, which reached 9.4% in February.
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.
This move is part of their efforts to reduce inflation and stabilize the economy.
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Kazajstán eleva la tasa de interés al 16,5% para luchar contra la inflación del 9,4%, con el objetivo de alcanzar el 5% para 2027.