The National Bank of Kazakhstan has cut rates by 25bp to 16.75%
Chief Economist, CIS
Senior Credit Analyst
EM Sovereign Strategist
CIS-4 resilience to face tests in the second half of 2026
Our latest take on Armenia, Azerbaijan, Kazakhstan, Uzbekistan as tensions in the Middle East subside
CIS-4: Domestic resilience leads to softer rates outlook
Our view on Armenia, Azerbaijan, Kazakhstan, Uzbekistan amid an upgrade in commodity prices
ING Think has analysts all over the world who write about their dedicated region.
Kazakhstan makes a surprise rate cut, with next move to depend on the tenge
CIS‑4 FX buoyed by inflows while CPI risks hit the rates outlook
Kazakhstan holds rates, indicates room for cuts
CIS-4: new global scenarios further reshape the outlook
CIS macro and credit: Commodity buffers cushion Middle East risks
Kazakhstan rates remain on hold as disinflation is offset by rising external…
CIS-4: Early implications of war in the Middle East
An upbeat start to the year for the CIS-4
KZT: Less support from state FX flows warrants attention
EMEA FX Talking: Hungarian love affair continues
Kazakhstan hikes rates as inflation fears rise
EMEA FX Talking: Upside down
CIS macro and credit: A strong regional play
CIS macro and credit: Fiscal side back in the spotlight
EM Sovereign Credit: External vulnerability heatmaps
EM Credit: Attacked from the core