July 1, National Bank of Kazakhstan borrows tenge at 5.25 % APR for one week, and offers at 10.50 % APR on repo market

/IRBIS, Vitaliy Kim, July 1, 08/ - The rate of the National Bank of the Republic of Kazakhstan as of July 1 on borrowing money for deposits for one week term was set at 5.25 % APR; the return repo rate for the same period was set at 10.50 % APR. The rate of the National Bank of the Republic of Kazakhstan in relation to the previous day 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 11.00 % APR. 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 (14.30 Moscow time). [2008-07-01]