Baku, Azerbaijan, April 16
By Ali Mustafayev – Trend:
The KazPrime indicator did not change on April 16, 2018, compared to the previous trading day and amounted to 10.50 percent per annum, Kazakh Stock Exchange said in a message.
The indicator remains stable for 40 days.
The KazPrime indicator reflects the average value rates of offering money in the Kazakh interbank deposit market (the rate at which the bank would like to place money in another bank for a deposit) for a period of three months, with a calculated base of actual/360 (a method, when the annual interest rate is divided by 360 to get the daily interest rate and then multiplied by the days in the month).