Kazakhstan’s central bank cut its refinancing rate to a record low after inflation eased last month to the slowest pace since May 1999.
The National Bank of Kazakhstan reduced the benchmark rate by half a percentage point to 6.5 percent, effective April 2, the Almaty-based regulator said in a statement on its website today. Consumer prices rose 4.7 percent last month from a year earlier, after a 5.9 percent increase in January.
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