Kazakhstan cuts rates on low inflation and weak demand
Central bank reduces key rate to 9.75% from 10.25%, inflation below forecast in 2017
The National Bank of Kazakhstan cut its key interest rate to 9.75% from 10.25% on January 15. Low inflation and weaker demand were the main factors behind the decision, the central bank says.
“The decision on the reduction was based on the lower level of the actual inflation rate by the end of 2017 in contrast to the forecasted trajectory, the estimates of the further deceleration of the inflationary processes, the continuing weak recovery of the domestic demand, and also the favourable trends
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