The National Bank of Kazakhstan reduced the base rate to 9%


The National Bank of Kazakhstan announced a decision to lower the base rate from 9.25% to 9% with an interest rate corridor of +/- 1. Such a move by the regulator is due to rising prices in foreign markets and a slowdown in inflation in the partner countries in the field of trade. The Central Bank notes a decrease in inflation in March of this year to 4.8% from 5.3% in December last year. Low inflation provided the basis for a further reduction in inflation expectations. Population incomes and business activity continued to grow. Investment in fixed assets in the first quarter increased by 7% in annual terms. Real money incomes of the population increased by 9.4% in January and February. In February, the consumer loan portfolio in the banking sector increased in annual terms by 13.5%.

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