Second Quarter Euroland GDP Growth and Some Central Bank Rate Announcements – Currency Thoughts

Larger-than-Expected Interest Rate Hike by National Bank of Kazakhstan – Currency Thoughts


Larger-than-Expected Interest Rate Hike by National Bank of Kazakhstan

October 10, 2025

Kazakhistan faces a far different inflationary situation than Peru, and officials at the National Bank of Kazakhstan today made a statement of serious intention to counter price pressures by hiking their reference interest rate to 18.0%, higher than such has been in over a decade, from 16.5%. This latest increase followed ones of 100 basis points last November and 125 bps in March. Consumer price inflation in their economy had dropped from 21.3% in 2023 to a 27-month low of 8.3% in September 2023 but had risen back to 12.9% by last month, which is more than double the target of 5%. Real GDP growth in Kazakhstan this year has exceeded 6.0%.

Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

Tags:




ShareThis

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.



Source link

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *