National Bank of Kazakhstan cuts refinancing rate to 5.5% from Aug 6.

By bne IntelliNews August 3, 2012
National Bank of Kazakhstan cut the key refinancing rate by 0.5ppt to 5.5%, effective from Aug 6, the bank has informed. This a historic minimum level of the refinancing rate. The move is line with an earlier announcement of the banks head Grigory Marchenko, who declared that if inflation remains stable, the bank would cut the refinancing rate. In July, inflation stood at 4.7% y/y.

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