According to the Association of Financiers of Kazakhstan, the share of experts expecting that the base rate will be cut soon has risen from 76% to 94%.
The vast majority of interviewed experts expect the rate to be cut to 15% to 15.5%. Moreover, the National Bank is capable of lowering the rate «more decisively» during the next 12 months. The rate, for example, can reach 11.25% within a year (minus 450 basis points) following a decline in inflation expectations from 10.6% to 9.7%. In 2023, the regulator lowered the base rate by 100 basis points.
During the last similar...