Kazakhstan lowers basic interest rate as inflation cools down, economy picks up

27.02.2024

National Bank Chairman Timur Suleimenov announced that the bank’s Monetary Policy Committee reduced the base rate to 14.75% on Feb. 23, the bank’s press service reported. In a press statement, Suleimenov noted that one of the pivotal factors driving this decision is the trajectory of annual inflation, which is exhibiting...