07 August 2012 | 12:43

Kazakhstan National Bank slashes key rate

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Photo by Yaroslav Radlovskiy©

Photo by Yaroslav Radlovskiy©

Kazakhstan National Bank has slashed the key rate to 5.5 percent per annum starting from August 6, Interfax-Kazakhstan reports. Until then the Bank’s official rate was 6 percent per annum. National Bank explained that this decision was made in relation to slowing down of the annual inflation in Kazakhstan. This is the fourth decrease of the rate this year that started with 7.5 percent.

Kazakhstan National Bank has slashed the key rate to 5.5 percent per annum starting from August 6, Interfax-Kazakhstan reports. Until then the Bank’s official rate was 6 percent per annum. National Bank explained that this decision was made in relation to slowing down of the annual inflation in Kazakhstan. This is the fourth decrease of the rate this year that started with 7.5 percent.

news National Bank Kazakhstan Kazakh inflation bank

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