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Kazakhstan: The Nationwide Financial institution of Kazakhstan raised its coverage price by 75 foundation factors on December 5, the ninth price enhance since July 2021 and the sixth this 12 months. The important thing price is now 16.75%, up from 9% in mid-2021.
In a press release, the NBK’s financial and credit score coverage committee mentioned the central financial institution is “nearing the top of the bottom price hike cycle”.
The MPC mentioned exterior and inside components had pushed inflation to 19.6% in November, mentioning provide and transport disruptions, excessive
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