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National Bank of Kazakhstan reduced the base rate to 9.25%

18.04.2018 08:14:18

The National Bank of Kazakhstan has lowered the base rate for the third time this year. According to Daniyar Akishev, the head of the Central Bank, the base rate this time was reduced from 9.5% to 9.25% with the corridor +/- 1%. He noted: “This decision was based on mid-term estimates, suggesting a slowdown in inflation by the end of this year and next year, falling inflation expectations, as well as maintaining a favorable overall situation in foreign markets”. The annual inflation rate in March was 6.6%. The growth of real monetary incomes of the population moved to a positive zone, and the regulator expects an increase in domestic demand. The head of the Central Bank noted the positive dynamics of economic activity and said that the policy of gradual reduction of the base rate would continue in 2018.

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