National Bank of Kazakhstan keeps base rate at 9.25%

AKIPRESS.COM - The National Bank of Kazakhstan decided to retain base rate and interest rate at 9.25%, zakon.kz reported.
Inflation is kept within the targeted corridor at 4-6%. The annual inflation in January 2020 amounted to 5.6%. Growth of prices for food products was 9.2%, non-food - 5.2%, paid services - 1.4%. Household inflation expectations remain moderate. In December 2019, they slowed down up to 5.6% compared to 5.8% in November, the regulator said.
The consumer and investment demand lead to the increase of economic developments. Growth of real population incomes in January-November 2019 was 5.8%, budget cost for social support increased by 26.0% in 2019, consumer crediting increased by 26.9% in 2019.