Economics
Kazakhstan Cuts Rates as Second Lockdown Batters Economy
- Recent quarantine measures will have disinflationary effect
- Key rate was cut by 50 basis points to 9%, central bank says
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The Kazakh central bank cut interest rates as the economy took a fresh blow from a second wave of coronavirus infections.
The National Bank of Kazakhstan cut the base rate by 50 basis points to 9%, according to an emailed statement. The decision was forecast by one of three economists polled by Bloomberg. The rest expected no change.