On July 20, 2020, the National Bank of Kazakhstan reduced the base rate to 9% per annum and narrowed the corridor to +/- 1.5 percentage points. You will recall that we have presented our assessment of this decision and the agency’s overall policy in the article «On the Nationalisation of Timur Kulibayev’s Bank»...
For Kazakhstan, the coronavirus pandemic, from an external shock, may turn into a mechanism of internal instability and transform the economic risks into the social and political ones. Such are the general conclusions of the Kazakhstan Economic Update report published by World Bank on July 22...
On July 20, 2020, the National Bank of Kazakhstan reduced the base rate to 9%per annum and narrowed the corridor to +/- 1.5 percentage points. One must give credit to Erbolat Dosayev and his team: having made a certain and, hopefully, positive gesture towards the market, they’ve taken care of themselves as well — as before, the rate for the liquidity withdrawal is to constitute 7,5%...
The Kazakh state tries to get involved in anything it can. And it often does so not for the benefit of the country but in the best interests of oligarchs and elite clans. And even though the Republic attempts to limit and divide the authorities of state agencies on a regular basis, it doesn’t do much good to anyone...
As late as a month ago, it seemed that the socio-economic crisis in Kazakhstan caused by the drop of the world oil prices and the coronavirus pandemics had passed its peak (if not ended). This understanding, among other things, was supported by the oil prices growth to about 40 $ per barrel and the abandoning of the emergency rule in the country...
A Special op on selling 6,28% of SWF Samruk-Kazyna’s share in Kazatomprom at the London Stock Exchange was completed in a record-setting time — one day. Such a speed does not simply impress, it shocks. Let us tell you how the whole thing has been done...