Regulatory Alerts2026-04-24
Added · Updated
National Bank of Kazakhstan Maintains Base Rate at 18.0%
The Monetary Policy Committee of the National Bank of Kazakhstan has maintained the base rate at 18.0% with a ±1 percentage point corridor to sustain disinflationary momentum amid slowing but persistent inflation. While annual inflation decelerated to 11.0% in March 2026 due to tight monetary conditions and government price moratoriums, pro-inflationary risks from Middle East geopolitical tensions, resuming utility tariffs, and elevated expectations necessitate continued restrictive policy. The central bank will closely monitor fiscal consolidation, demand dynamics, and external shocks before considering future rate reductions, with the next policy decision scheduled for June 5, 2026.
Topics
monetary
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