National Bank Holds Base Rate at 18% as Tenge Firms on Market Expectations
Photo: RK NB
The National Bank of Kazakhstan has kept its base rate at 18%, leaving monetary policy unchanged at the final meeting of 2025, Orda.kz reports. The decision was widely expected by analysts.
The tenge began strengthening ahead of the announcement — shortly before the decision, the dollar had fallen to 516.8 tenge. Experts link the appreciation to market confidence that the regulator would avoid further tightening.
The current rate has remained unchanged since October 13, when it was raised by 150 basis points to a 25-year high in an effort to curb inflation.
Halyk Finance analysts earlier predicted that the rate would be held steady. According to analyst Alexey Afonsky, slowing inflation, a freeze on utility tariffs, reduced National Fund transfers, and a stronger tenge gave the regulator space to pause rather than intervene again.
Original Author: Ruslan Loginov
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
