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©Inzoloto.ru
Interest rates on deposits in tenge raised in Kazakhstan

In efforts to contain inflation and de-dollarize the economy, National Bank of Kazakhstan raises interest rates on deposits in tenge.

Interest rates on deposits in tenge raised in Kazakhstan
©Tengrinews
Inflation in Kazakhstan makes 13.6% in 2015

Statistics Committee of the Ministry of National Economy of Kazakhstan released official inflation rate data: 13.6% in 2015 in Kazakhstan.

Inflation in Kazakhstan makes 13.6% in 2015
©Turar Kazangapov
Inflation in Kazakhstan nears 13%, central bank admits

Inflation in Kazakhstan reached 12.8% in the end of November. National Bank's Akishev names tenge depreciation the main driver.

Inflation in Kazakhstan nears 13%, central bank admits
Yerbolat Dossayev ©Central Communiations Service under the President of the Republic of Kazakhstan
Kazakhstan revises 2015 inflation rate forecast

Minister of National Economy Yerbolat Dossayev announced the increase of inflation corridor from 6-8 percent to 8-10 percent for 2015.

Kazakhstan revises 2015 inflation rate forecast
Photo © Turar Kazangapov
Depreciation of tenge caused by appointment of National Bank's new Governor?

According to experts, appointment of Daniyar Ashirov as New Governor plunged the national currency into the feared 300 KZT to $1 zone.

Depreciation of tenge caused by appointment of National Bank's new Governor?
Turar Kazangapov ©
Central Bank Governor on tenge prospects

The exchange rate reflects the current external factors such as the exchange rate of the Russia’s rouble and the current state of the Russia’s and China’s economies: Central bank Governor Daniyar Akishev.

Central Bank Governor on tenge prospects
©Turar Kazangapov
Kazakhstan National Bank raises base interest rate to 16%

The National Bank of Kazakhstan has revised the base interest rate raising from 12 to 16 percent in order to curb inflation in Kazakhstan.

Kazakhstan National Bank raises base interest rate to 16%
Photo ©Tengrinews.kz
Kazakhstan in 10 World’s Worst Performers in Economy: Bloomberg

Kazakhstan ended up in the 10 World’s Worst Performers in Economy compiled by Bloomberg.

Kazakhstan in 10 World’s Worst Performers in Economy: Bloomberg
Kairat Kelimbetov. By Yaroslav Radlovsky ©
Kazakhstan is more upbeat over economic prospects amidst positive news from Russia

We believe that with the current prices for oil standing at $55-60 per barrel, the Kazakhstan’s economy growth figure will stand at over 2% rather than at 1.5% (as was earlier estimated)”, Mr. Kelimbetov said.

Kazakhstan is more upbeat over economic prospects amidst positive news from Russia
Yaroslav Radlovsky ©
IMF on inflation rate in Kazakhstan

Earlier the country’s Central Bank reported that the annual inflation rate as of the end of July stood at 7%.

IMF on inflation rate in Kazakhstan
Photo courtesy of beerbook.ru
Beer shortage and heatwave spells misery for Cubans

Cuba has been hit by a beer shortage during one of its hottest summers on record, sparking hoarding and driving thirsty .

Beer shortage and heatwave spells misery for Cubans
IMF chief says low inflation can hit European growth
IMF chief says low inflation can hit European growth

IMF chief Christine Lagarde warned that low inflation could damage growth in Europe and urged the European Central Bank to maintain a flexible policy.

IMF chief says low inflation can hit European growth
Bank of Japan Governor Haruhiko Kuroda. ©Reuters/Yuya Shino
Japan tax hike boosts inflation, hurts spending in May

Inflation hit a three-decade high and unemployment dipped further in Japan, data showed Friday, as the government's bid to jumpstart the economy takes hold, even as analysts warned it was too early for celebrations.

Japan tax hike boosts inflation, hurts spending in May
Kairat Kelimbetov. Photo courtesy of ortcom.kz
Kazakhstan's economy benefits from devaluation: Kelimbetov

National Bank Chairman Kairat Kelimbetov declared that the economy of Kazakhstan responded positively to the recent 20% devaluation of the Tenge.

Kazakhstan's economy benefits from devaluation: Kelimbetov
German inflation hits three-year low in March
German inflation hits three-year low in March

The rate of inflation in Germany, Europe's biggest economy, fell to its lowest level in more than three years in March, official final data showed on Friday.

German inflation hits three-year low in March
Photo © Marat Abilov
Possible inflation risks: National Bank

In view of the devaluation of the national currency - the tenge, the central bank of Kazakhstan believes that escalation of inflation is quite possible.

Possible inflation risks: National Bank
©Reuters/David Gray
Australia inflation jumps, dashes rate cut hopes

Australian inflation rose by a stronger-than-expected 1.2 percent in the July-September period compared to the previous quarter.

Australia inflation jumps, dashes rate cut hopes
Chairman of Kazakhstan National Bank Gregory Marchenko. Photo by Yaroslav Radlovskiy©
Kazakhstan’s Central Bank seeks to maintain inflation within 6-8%

Despite the lingering uncertainty of the global economy, Kazakhstan’s economy has been stable, with the GDP growing 5.1% in the H1 2013. The annual inflation stands at 5.9%: Economy Minister.

Kazakhstan’s Central Bank seeks to maintain inflation within 6-8%
Kazakhstan National Bank. Photo by Yaroslav Radlovskiy©
Kazakhstan to retain inflation at 6-8 percent

Kazakhstan National Bank has approved the Key Monetary Policies of Kazakhstan for 2013.

Kazakhstan to retain inflation at 6-8 percent
Photo by Yaroslav Radlovskiy©
Kazakhstan National Bank's 2013 inflation and GDP forecasts

According to Kazakhstan National Bank, the country’s inflation will stay within 6-8 percent, while the GDP growth may reach 6 percent.

Kazakhstan National Bank's 2013 inflation and GDP forecasts