Kazakhstan's central bank cuts base rate to 10.5% from 11%
AKIPRESS.COM - Kazakhstan's central bank said on Monday it cut its key rate to 10.5% from 11%, citing a recovery in the national currency, the tenge KZT=, and lower inflation.
The National Bank chief Daniyar Akishev said the Ban aims to keep its key policy rate 4 percentage points above inflation.
The Bank also said that the undervalued real tenge rate was supporting Kazakhstan's producers.