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Central Bank Governor on the tenge and growing demand for the US Dollar Late May the global oil price fell from $120 to $93 per barrel, which entailed weakening of the Russian rouble. Speculations were sparked that Kazakhstan would follow Russia’s example.

08 августа 2012

Kazakhstan Central Bank Governor on slashing the key rate Mr. Marchenko elaborated that so far the National Bank has no plans to revisit the anticipated inflation corridor of 6-8% downwards for the following year.

08 августа 2012

Kazakhstan National Bank slashes key rate The step is related to slowing down in the annual inflation in Kazakhstan: National Bank.

07 августа 2012

Kazakhstan slashes the key rate from the current 6% to 5.5% from August 6 In the H1 2012 Kazakhstan slashed its key rate three times: in February from 7.5% to 7%, in April from 7% to 6.5% and in June from 6.5% to 6%.

02 августа 2012

Kazakhstan’s gross foreign debt as of March 31, 2012 stood at $129.3 billion According to Mr. Marchenko, the debt of the Government and the National Bank make up 4% of the overall debt figure, that is $5.2 billion.

26 июля 2012

Kazakhstan Central Bank’s Governor on economic prospects The worst scenario envisages measures in case the oil price hits the bottom of $40 per barrel. The Government in partnership with the National Bank have developed respective action plans, incentives to support the economy: Gregory Marchenko.

25 июля 2012

National Bank’s Governor doesn’t rule out further slashing down the key rate In the H1 2012 Kazakhstan slashed its key rate three times: in February from 7.5% to 7%, in April from 7% to 6.5% and in June from 6.5% to 6%.

25 июля 2012

Kazakhstan to shortly ban Ponzi schemes The country’s General Prosecutor’s Office is drafting amendments [before September 2012] into the national legislation to introduce liability for those starting or running Ponzi schemes.

25 июля 2012

National Oil Fund’s average annual earning capacity stands at 4.51% The Fund’s assets in 2011 and the H1 2012 grew by $20.8 billion: National Bank’s Governor Gregory Marchenko.

25 июля 2012

Marchenko ready to buy foreign car at his own expense Kazakhstan National Bank will attract Kazakhstan manufacturers for the next cars procurement tender.

09 июля 2012

Economic uncertainty to last for at least another 9 months: National Bank Governor According to him, speculations on a second possible wave of the global financial crisis will be persistent for at least another 9 months until the Bundestag election is over and Eurozone issues are resolved.

05 июля 2012

19 out of 29 gold-mining companies pledge to supply gold to the Astana refinery In August 2011 the National Bank announced it would be exercising its preemptive right to purchase gold to be produced within Kazakhstan.

04 июля 2012

Annual inflation rate may be below 6% at the end of 2012: National Bank Governor He noted that the lowest inflation rate since 1999 is bolstered by a number of factors, including somewhat decreasing prices for foodstuffs and crude oil.

04 июля 2012

Kazakhstan's gross foreign debt totals $129.3 billion in Q1 According to the National Bank, in the Q1 2012 the foreign debt of the banking sector grew by 1.5% up to $14.823 billion.

02 июля 2012

Share of banking services offered by foreign banks shouldn’t exceed 30%: President Nazarbayev According to him, the Government and the National Bank should take into consideration that local banks not always enjoy the same competitive advantage as foreign ones.

22 июня 2012

Marchenko is against agricultural bank in Kazakhstan National Bank's chairman Gregory Marchenko told the senators his opinion of the prospect of creation of the agricultural bank in Kazakhstan.

21 июня 2012

National Bank’s Vice Governor assures the tenge will remain stable for years to come According to him, “for the recent year the nation’s exports potential has grown 40%”.

12 июня 2012

Marchenko gave reasons for leveling retirement age The retirement age should be leveled for men and women in Kazakhstan if for no other reason than because women of the older generation are more qualified and experienced: Marchenko.

11 июня 2012

Kazakhstan Central Bank may further slash its key rate to 5.25-5.5% There is a clear signal that both cost of borrowed money and interest rates on loans should be lowered: Central Bank Governor.

07 июня 2012

Kazakhstan slashes the share of Euro in its FX reserves So far we don’t plan to further change the breakdown of currencies in the nation’s currency reserves: Central Bank Governor.

07 июня 2012

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