Kazakhstan Cuts Rate, Signals More Easing as Inflation Slows

Updated on
  • 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.