Kazakh Central Bank Lifts Rate to Boost Tenge, Restarts Lending

  • Inflation quickened to 14.4% in January, fastest since 2008
  • Kazakhstan is following Russia with 12-month lag, Citi says

Kazakhstan’s central bank resumed operations with lenders and raised its benchmark borrowing rate as policy makers in Central Asia’s biggest energy exporter sought to buttress the currency and cap the fastest inflation since 2008.

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