trending Market Intelligence /marketintelligence/en/news-insights/trending/bF-LA2qjAcNV6uYHNZNhSg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Kazakhstan's central bank maintains rate

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Kazakhstan's central bank maintains rate

The National Bank of the Republic of Kazakhstan maintained its base rate at 9.25% as it projected a potential pickup in inflation early next year.

The central bank said annual inflation is forecast to come in between 5.5% and 5.7% at the end of 2019 before slowing down to a range of 5.0% to 5.5% by the end of 2020.

In the first quarter of 2020, inflation may accelerate to the upper bound of the central bank's target range of 4% to 6% due to higher food prices and tariffs on services, the bank said.

Kazakhstan's economic growth is expected to weaken to a rate of 3.8% in 2020 from an estimated expansion of 4.2% in 2019, according to the central bank.