Kazakhstan Cuts Rate, Signals More Easing as Inflation SlowsBy
Key rate cut to 12.5%; all but one analyst forecast no change
Central bank says it may cut base rate again before year-end
Kazakhstan’s central bank unexpectedly cut its key interest rate and signaled the potential for more monetary easing after a stronger tenge helped shore up confidence among policy makers that a surge in price growth to an eight-year high is over.
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