Halyk Finance has advised the National Bank of Kazakhstan to take a pause in the cycle of decreasing the base rate. The latest survey published on the company’s website, says that the broker has revised its attitude toward the key indicator of the country’s monetary policy.
According to the company’s analysts, in early November they thought that it would be a good idea to reduce the base rate to 15% by the end of this year due to the assumption that the inflation rate would reach 10% year-on-year in December. In addition, the experts didn’t rule out that the price...