Kazakhstan’s National Bank anticipates further reductions in interest rates due to a continuing decline in inflation, currently down from a peak of around 30%. Governor Timur Suleimenov indicated the tenge has demonstrated stability despite previous rate cuts and falling global oil prices. The central bank believes there is further scope for monetary easing, signaling a proactive approach to stimulating economic activity. Simultaneously, Kazakhstan is focused on improving returns from its National Fund, a sovereign wealth fund. Suleimenov highlighted the fund’s performance on the sidelines of a Senate session June 18. This dual strategy aims to balance economic growth with financial stability and maximize national wealth. The bank’s confidence reflects a positive outlook on the country’s economic resilience.