National Bank of Kazakhstan Drops Rate 50bps to 6.50%

The National Bank of Kazakhstan reduced its key refinancing rate by 50 basis points to 6.50% from 6.00% as inflationary pressures eased. NBK Chairman, Grigori Marchenko, said: "Given the trends in financial markets and the slowdown annual inflation Board of the National Bank of Kazakhstan decided to set April 2, 2012 the official rate refinancing of the National Bank of Kazakhstan at the...