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Kazakh National Bank to keep current refinancing rate unchanged till late 2012

Business Materials 5 September 2012 15:35
Kazakh National Bank will keep the current 5.5 percent refinancing rate unchanged till late 2012

Azerbaijan, Baku, Sept. 5 / Trend E. Kosolapova /

Kazakh National Bank will keep the current 5.5 percent refinancing rate unchanged till late 2012, Novosti-Kazakhstan quoted Bank's head Grigory Marchenko as saying.

"The National Bank of Kazakhstan has no plans to reduce the official refinancing rate from the current 5.5 percent till the end of this year," Marchenko told journalists in Almaty on Wednesday.

The Kazakh National Bank has reduced refinancing rate four times since Jan.1. In February the refinancing rate was reduced from 7.5 to 7 percent per annum, in April from 7 to 6.5 percent, in June from 6.5 to 6 percent and in August from 6 to 5.5 percent per annum.

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