The National Bank of Kazakhstan has decided to maintain the base rate at 14.75%
The monetary policy committee of the National Bank of Kazakhstan (NBK) has decided on April 12 to keep the base rate at 14.75%, announced the bank’s press service.
“As the global grain price trend continues to decline, the external inflationary background continues to develop in a neutral manner. The domestic economy is still under inflationary pressure due to strong domestic demand and unanchored inflation expectations,” the report reads.
According to the bank, the monetary policy should remain tight to meet the 5% inflation target. Monetary easing still has limited room in the current environment.(Source:astanatimes)
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