The National Bank of Kazakhstan has raised the key interest rate by 1.25 percentage points today, from 15.25% to 16.5%, according to the financial regulator.
The bank's press service stated that the rate hike was prompted by rising inflation, which reached 9.4% in February.
The National Bank of Kazakhstan aims to reduce inflation to 5%.
Prices are rising mainly due to increased service costs, high demand, and active consumer lending. External factors, such as the situation in Russia and high global commodity prices, also contribute to inflationary pressure.
The bank predicts inflation will reach 10-12% in 2025, 9-11% in 2026, and decline to 5.5-7.5% by the end of 2027.
This will stabilize both short-term and long-term inflation expectations, preventing a continued rise in prices,” the statement said. It also emphasized that the decision would help preserve purchasing power, protect savings, and boost confidence in tenge assets.
Economic growth is expected to slow to 4.2-5.2% in 2025-2026, though reforms aimed at increasing fixed capital investment, foreign direct investment, and economic liberalization may spur acceleration.
Previously, the key rate was increased by 1 percentage point to 15.25% in December 2024, and it remained unchanged in January 2025.
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In a high‑stakes May 18 runoff, nationalist George Simion and centrist Nicușor Dan clash in a tight race that could steer Romania’s political and European trajectory for years to come.
On May 19, London and Brussels are set to kick off their first annual summit, prioritizing a new UK–EU defense and security pact even as negotiations continue with Washington over tariff relief on British steel, cars and aerospace components.
Archer Aviation’s four‑seat “Midnight” electric air taxi will shuttle fans, VIPs and support teams between major LA28 venues—SoFi Stadium, the Coliseum, LAX and more—in 10–20 minute hops, marking the first use of eVTOLs at any Olympic Games.
On May 16, 2025, Tirana, Albania, hosts the sixth European Political Community (EPC) Summit. Under the theme "A New Europe in a New World: Unity – Cooperation
A car accident outside RCDE Stadium in Barcelona resulted in 13 injuries just before the La Liga match between RCD Espanyol and FC Barcelona. Authorities confirmed the incident was accidental, and the driver has been arrested on suspicion of dangerous driving.
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