7 Mar, 09:42

National Bank of Kazakhstan raises base rate by 1.25 pp to 16.5%

The goal of the National Bank of Kazakhstan is to achieve inflation of 5%, the regulator previously reported that it would take measures to achieve this

ASTANA, March 7. /TASS/. The National Bank of Kazakhstan has decided to raise the base (key) rate by 1.25 percentage points - from 15.25% to 16.5%, the financial regulator said.

According to the bank's press service, this decision was made due to the growth of inflation. Annual inflation accelerated to 9.4% in February, the statement said.

The goal of the National Bank of Kazakhstan is to achieve inflation of 5%, the regulator previously reported that it would take measures to achieve this. Before this, the base rate was increased in December 2024 by 1 percentage point to 15.25% per annum, while in January 2025 it was kept at this value and was not change.

US to reduce tariffs on Chinese goods, but they will never be at zero — Trump

US president noted that the negative economic effects from increased customs tariffs will be felt in the United States for some time

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Russian painter of Trump portrait describes his work as priceless amid current tensions

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Ukraine conflict taught Russia how to counter Western weapons, senior NATO commander says

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Patriarch of Serbia thanks Putin for his position on Kosovo, Republika Srpska

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