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 dropping 43 bps by Friday. TWINA kept up to form on a par with overnight repo rates moving between 13.05%-13.22% during the week.

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Tengri Partners offers both local and international clients unlimited access to Kazakhstan’s money-market instruments including the repo market of up to 28 days, notes issued by the National Bank of Kazakhstan of up to 6-months and sovereign bonds of up to 1-year.