Kazakh National Bank Lowers Base Rate as Inflation Continues to Ease

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ALMATY – The National Bank of Kazakhstan (NBK) cut its base rate to 16.75% on July 24, citing nine consecutive months of slowing inflation, while Governor Timur Suleimenov said policymakers would continue to base future decisions on incoming economic data rather than follow a predetermined easing path. The NBK Monetary Policy Committee lowered the base…

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