Kazakhstan Weekly Money Market Wrap
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 [...]
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