Stabilization of international commodity prices and strengthening of Kazakhstan's national currency Tenge prompted the National Bank to decrease the base rate to 13% with a corridor of +/- 1%. Further level of the base rate will depend on the inflation rate, population and market expectations, as well as the currency preferences of economic agents, the press service of the regulator reports. In May, the National Bank lowered its base interest rate from 17% to 15%. The next decision on the base rate will be announced August 15, 2016. Similar actions are planned to be held in Kazakhstan on October 3 and November 14, 2016.

 

 


Photo: kazfin.kz

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