Kazakhstan Ends Longest Easing Cycle With Eye on Price Pressures
Posted on AllSides April 12th, 2024
From The Left
Kazakhstan halted its longest series of interest-rate cuts in nearly a decade, holding the cost of borrowing as the central bank gauges price pressures at home and in neighboring Russia.
The National Bank of Kazakhstan kept the benchmark rate at 14.75% on Friday after five consecutive reductions. The move matched the forecast of only one economist in a Bloomberg survey , with most expecting a further reduction of 25 basis points.
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