June 16, National Bank of Kazakhstan borrows tenge at 5.50 % APR for one week, and offers at 11.0 % APR on repo market

/IRBIS, Raushan Tundybayeva, June 16, 08/ - The rate of the National Bank of the Republic of Kazakhstan as of June 16 on borrowing money for deposits for one week term was set at 5.50 % APR; the return repo rate for the same period was set at 11.0 % APR. The rates have not changed in relation to the previous day. The amount of borrowed funds for deposits at the specified rate is not lower than KZT10 m. Transactions in deposits are executed till 16:30 ALT (13.30 Moscow time). [2008-06-16]