National Bank Raises Base Rate Amid Rising Inflation

The National Bank has raised the base rate to 16.5%, Orda reports.

In January, the National Bank of the Republic of Kazakhstan maintained the rate at 15.25% per annum, giving the market a "moderately tight signal."

According to the Bureau of National Statistics, inflation accelerated in February: in annual terms - from 8.9% to 9.4%, and in monthly terms - from 1.1% to 1.5%.

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