Kazakhstan Weekly Money Market Wrap
Volumes on the overnight repo market built up while the 7-day repo remained low
TONIA moved within the range of 14.34-14.68% during the week. Daily average transaction volume resulted in KZT436.15 bn (USD911.7 mln), rising by 10.34% since last week. TRION concluded [...]
Money market keeps relative stability amidst the NBK decision to keep the base rate unchanged
TONIA opened the week with 13.54% and gradually rose to 14.34% striving to the base rate of 14.50%. TRION moved closely to TONIA and finished the week with [...]
NBK kept the base rate unchanged at 14.50% against the persistently high inflation which is mainly caused by external price factors
On September 5, the National Bank of Kazakhstan (“NBK”) decided to maintain the base rate at existing level of 14.50% with a corridor of ±1pp. around the benchmark [...]