July 11, National Bank of Kazakhstan borrows tenge at 5.25 % APR for one week, and offers at 10.5 % APR on repo market

/IRBIS, Vitaliy Kim, July 11, 08/ - As of July 11 the rate of the National Bank of the Republic of Kazakhstan on borrowing money for deposits for one week was set at 5.25 % APR; the return repo rate for the same period was set at 10.5 % APR. The rates have not changed since the previous day. The minimum amount of borrowed funds for deposits at the specified rate is KZT10 m. Transactions in deposits are executed till 16:30 ALT (14.30 Moscow time). [2008-07-11]