Timur M Suleimenov: Statement - base rate of the National Bank of Kazakhstan
What changed vs prior statement
- 01• First indexed statement for this feed — no prior to diff against.
From the original
Statement by Mr Timur M Suleimenov, Governor of the National Bank of Kazakhstan, on the base rate of the National Bank of Kazakhstan, Astana, 5 June 2026.
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Uzbekistan policy rate on hold, but cuts starting to look possible soon
Lead — The Central Bank of Uzbekistan has maintained its policy rate at 14.00%, but recent statements suggest a shift towards potential easing measures in the near future. Per the full note from ING, while the central bank remains cautious given current inflationary pressures, it now explicitly articulates conditions under which it could initiate rate cuts, anticipating a possible reduction in July or September. This nuanced pivot is particularly significant against a backdrop of stable core inflation and a commitment to maintaining economic stability. Market participants should take note of these developments, especially given the lack of upcoming high-impact events in the region.