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National Bank Holds Base Rate at 18% as Inflation Pressures Persist

By Ayana Birbayeva on 23 January 2026

ALMATY – The National Bank of Kazakhstan (NBK) has decided to keep its base interest rate at 18%, citing persistent inflationary pressures and elevated uncertainty in both domestic and external conditions, reported the bank’s press service on Jan. 23.  According to the NBK’s Monetary Policy Committee, inflation reached 12.3%...