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. |
Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more
Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more
Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more