Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Kazakhstan Keeps Refinancing Rate Unchanged at Record Low 5.5%

April 2 (Bloomberg) -- Kazakhstan’s central bank held its refinancing rate at a record low after inflation unexpectedly decelerated last month.

The National Bank of Kazakhstan kept the benchmark rate at 5.5 percent, the regulator in Almaty said in a statement published on its website and dated yesterday. The biggest energy producer in central Asia last decreased borrowing costs by a half point on Aug. 6.

The decision was made “on account of a continuation in the moderate pace of inflation and current conditions in the functioning of the financial market,” the central bank said in the statement.

Kazakhstan, which reduced its main rate four times last year, is targeting economic growth of 6 percent this year after gross domestic product expanded 5 percent in 2012. Policy makers want to restrain inflation within the range of 6 percent to 8 percent, with the authorities moving to curb price growth by capping fuel costs and banning exports of gasoline and diesel.

Inflation in March decelerated to 6.8 percent from a year earlier, with consumer prices rising 0.2 percent in the month. The central bank shaved 2 percentage points off its key interest rate last year.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at

To contact the editor responsible for this story: Stephen Voss at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.