Bloomberg News

Kazakh Central Bank Cuts Refinancing Rate to Record-Low 6.5%

March 29, 2012

Kazakhstan’s central bank cut its refinancing rate to a record low after inflation eased last month to the slowest pace since May 1999.

The National Bank of Kazakhstan reduced the benchmark rate by half a percentage point to 6.5 percent, effective April 2, the Almaty-based regulator said in a statement on its website today. Consumer prices rose 4.7 percent last month from a year earlier, after a 5.9 percent increase in January.

To contact the reporter on this story: Svetlana Antoncheva in Astana, Kazakhstan at santoncheva1@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


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