Kazakhstan Delivers Third Straight Rate Cut on Slowing Inflation

Kazakhstan's central bank reduced its key interest rate for the third time in a row as inflation dipped to its lowest point in over a year, signaling economic challenges in the country's oil-dependent economy. While this move aims to stimulate growth, officials cautioned that room for further cuts is limited. This decision underscores the delicate balance policymakers face between managing inflation and fostering economic recovery. For investors and economists, this signals ongoing scrutiny of economic trends in Central Asia’s largest oil producer.