Kazakh c.bank cuts key rate, sees good trends

Kazakhstan's central bank said on Feb 21, 2001 it was cutting its key refinancing rate to an annual 12.5 percent from 14.0 percent to signal continued macroeconomic and financial stability in the Central Asian state.

"We have good news - the central bank's refinancing rate was cut to an annual 12.5 percent from 14.0 percent, effective from February 20," National Bank Chairman Grigory Marchenko told a news conference. "We see that last year's positive tendencies on major indicators have so far

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