Kazakhstan Weekly Money Market Wrap
Repo rates have broken the lower boundary of the base rate corridor
Overnight repo rates continued their downward trend, having crossed the lower boundary of the base rate and amounted to 12.80% by the end of the week. TRION moved [...]
Money market instruments reflected stable dynamics remaining to form at the lower bound of the base rate corridor
TONIA kept moving within the same range of 13.06-13.42% as the previous week concluding the trading week with 13.06%. TRION wrapped up the week at 13.08%, the same [...]
Both overnight and 7-day repo rates are forming in the near corridor closer to the lower boundary of the base rate
TONIA moved within the range of 13.07-13.42% during the week resulting in a 9 bps wider corridor than the last week. TRION started the week with 13.51% before [...]
NBK decided to maintain the base rate at 14% with an existing corridor of ±1%
On June 6, the National Bank of Kazakhstan (“NBK”) decided to keep the base rate unchanged at 14% with a corridor of ±1 pp. around the benchmark (the [...]
Repo rates tumbled: overnight rates dropped about 20 bps, weekly repo rates declined by 114 bps
TONIA has still been tightened to the ceiling of the base rate during the first half of the business week but then softened the stance and concluded the [...]
Repo rates approached the 6-year record high values
TONIA moved closer to the upper boundary of the base rate (14%±1 pp.) resulting in 14.52-14.92% during the week. Daily average transaction volumes averaged in KZT783.59 bn slightly [...]
Overnight repo volumes are gradually decreasing, while rates are kept mostly near the upper boundary of the corridor
TONIA started the week with 13.81% following a rise by 35 bps by Friday. Average daily transaction volume equaled to KZT752.50 bn falling by 2.81% since the previous [...]
Transaction volume on 7-day repo market hit all-time high reaching KZT150 bn
TWINA settled below the overnight indexes resulting in 13.31% at the end of the reporting week. Transaction volumes built up 2.1 times totaling KZT78.40 on average (KZT36.52 bn [...]
Money market indicators return to their pre-March levels
The week has been followed by the lowest rates on the repo market for the previous two months. TONIA started the week with 13.33% and moved towards the [...]
Kazakhstan Weekly Money Market Wrap
Weekly Money Market Wrap National Bank decided to raise the base rate by 50 bps to 14% amid persisting inflationary pressure On April 25, the National Bank [...]
Kazakhstan Weekly Money Market Wrap
Weekly Money Market Wrap Money market boost: TONIA gets back to 14% whilst volume hits the highest from the BoY TONIA returned to its previous levels beginning [...]
Kazakhstan Weekly Money Market Wrap
Weekly Money Market Wrap Repo rates keep forming closer to the upper boundary of the base rate TONIA moved within the range of 13.95-14.05% with [...]