Kazakhstan raises base rate to 18%
The Monetary Policy Committee of the National Bank of Kazakhstan has decided to raise the base rate to 18% per annum.
Kazakh Central Bank
Kazakhstan could partially invest gold reserves in cryptocurrencies
Kazakhstan is thinking of investing the assets from the alternative portfolio of the republic's gold and currency reserves and from the National Fund into cryptocurrency funds, the Kazakh National Bank's head Timur Suleimenov said.
Azerbaijan and Kazakhstan discuss monetary management
The central banks of Azerbaijan and Kazakhstan have discussed communication field experience. "A delegation from the Central Bank of the Republic of Azerbaijan took part in a two-day program focused on communication …
Pilot project for interbank QR payments launched in Kazakhstan
The National Bank of Kazakhstan and National Payment Corporation have launched a pilot project for interbank QR payments, the National Bank said. The first transaction took place on November 15 during the Kazakhstan Financiers Congress …
Kazakh central bank hikes rate to 9.75%
Kazakhstan’s central bank delivered its third consecutive interest-rate hike as inflation accelerated in Central Asia’s largest energy producer. The National Bank raised the key rate by 25 basis points to 9.75%, it said in a …
Kazakh central bank hikes key rate to 12%
Kazakhstan's central bank hiked its policy rate to 12.0% from 9.25% today, governor Yerbolat Dosayev said. He cited risks of pressure on the tenge exchange rate and inflation after the collapse of oil prices, Reuters reported. …
Kazakhs policy rate unchanged at 9.25%
Kazakhstan’s central bank kept its policy rate unchanged at 9.25%, in its first review since last month’s leadership reshuffle at the Central Asian nation’s financial regulator. The bank said in a statement that the …
Kazakh cenbank aims to keep key rate 4 pct points above inflation
Kazakhstan's Central Bank said on Monday it would aim to keep its key policy rate 4 percentage points above inflation, Reuters reported. Earlier on Monday the bank cut its key rate to 10.50 percent from 11.00 percent, citing a …
Kazakh Central Bank cuts key interest rate to 13%
Kazakhstan’s central bank cut its key interest rate from 15% to 13%. “There’s a high probability that inflation can be expected to reach the upper bound of the 6 percent-8 percent target corridor by end-2016. A …
EEU Central Banks are in need of closer coordination
Central Banks of the EEU countries are in need of closer coordination of the work under conditions of increased volatility in the currency, monetary and stock markets, the Deputy Chairman of the National Bank of Kazakhstan Oleg …
Kazakh National Bank forecasts inflation at 8% in 2016
The National Bank of Kazakhstan forecasts inflation at a level no higher than 8% in 2016, the head of the National Bank of Kazakhstan Daniyar Akishev said at the Astana Economic Forum. "The National Bank's …
Samruk-Kazyna expects stabilization of tenge rate
The Department of Research and Knowledge Management of Samruk-Kazyna Sovereign Wealth Fund of Kazakhstan forecasts stabilization of the national currency in 2016. "The average exchange rate of the USD-KZT is projected in the range …
Moscow and Astana interested in coordinating exchange rate policy
The Prime Minister of Kazakhstan, Karim Masimov, made a statement that the central banks of the republic and Russia are considering the possibility of transition to an agreed exchange rate policy. "When the Bank of …
Kazakh tenge set new anti-record
The Kazakh tenge dropped to 307.53 per dollar on the Kazakhstan Stock Exchange (KASE) today, the press service of KASE said. At the end of the morning trading session the current average rate of the tenge was 335.4 per euro. …