Kazakh National Bank Keeps Base Rate at 18%

## Kazakh National Bank Holds Base Rate at 18% The Monetary Policy Committee of the National Bank of Kazakhstan (NBK) has decided to maintain the base rate at 18%. This decision comes amid ongoing inflation pressures that the country continues to face. ### Inflation and Economic Context Inflation remains persistent, influencing the NBK's cautious approach to monetary policy. The committee's choice to keep the base rate steady reflects efforts to balance controlling inflation while supporting economic growth. ### Central Bank's Approach By not raising or lowering the rate, the NBK signals a measured response to current economic conditions. Maintaining the rate at a high level aims to stabilize prices and anchor inflation expectations without exacerbating financial instability. > "The Monetary Policy Committee has made the decision to keep the base rate unchanged at 18%, considering updated inflation data and economic forecasts." ### Implications for Kazakhstan's Economy This policy decision suggests the NBK prioritizes long-term inflation control amid external and domestic economic challenges. Keeping the base rate constant may help manage inflation without an abrupt shock to markets or borrowers. *** The Kazakh National Bank stays vigilant against inflation by holding the base rate steady at 18%, aiming to stabilize the economy without sudden monetary shifts.

The Astana Times — 2025-11-28