Kazakhstan Weekly Money Market Wrap
Overnight repo rates started the week forming below the lower boundary of the base rate corridor
During the week TONIA moved within the range of 13.46-13.50% with an average volume of KZT436.08 bn per day. TRION movement was limited to 2 bps during the reporting [...]
NBK raised the base rate by 50 bps to 14.50% against the accelerating inflation forming beyond target levels
On July 26, the National Bank of Kazakhstan (“NBK”) decided to raise the base rate by 50 bps up to 14.50% with a corridor of ±1 pp. around [...]
Repo market is calming down while the exchange rates beat the anti-records
During the week repo rates have been stable awaiting the decision of NBK regarding the base rate. Thus, TONIA kept 13.00% during the whole week bouncing to 12.86% [...]
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