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Kazakhstan’s Central Bank Keeps Refinancing Rate at 7.5%

Wednesday 12 October 2011

(Bloomberg) – Kazakhstan left its main refinancing rate unchanged as price pressures dissipate, bringing inflation closer to the central bank’s target range.

The National Bank of Kazakhstan left the benchmark rate at 7.5%, effective Oct. 1, the Almaty-based regulator said in an e-mailed statement today. Inflation decelerated to a three-month low of 8.7% last month from a year earlier, compared with 9% in August.

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