Business

National Bank Cuts Base Rate to 16.25% Amid Continued Disinflation

By Dana Omirgazy  on 4 September 2026

ASTANA – The National Bank of Kazakhstan cut its base rate by 50 basis points to 16.25% on Sept. 4, as annual inflation fell below 10% after 11 consecutive months of disinflation. The regulator, however, warned that persistent inflation risks limit room for further easing. “The balance of risks...