Kazakhstan
Kazakhstan establishes crypto portfolio in reserves
Central bank says it could spend “up to” $300m from gold and FX income
Brics leaders push for multilateral payments solutions
Central bank governors and finance ministers also call for reform of Bretton Woods institutions
Malaysia is latest country to seek Brics membership
However, uncertainty remains over whether Saudi Arabia will join emerging economies bloc
China and Kazakhstan to co-operate on CBDC research
The two Asian central banks set to carry out joint research and training
People: October to December 2023
A round-up of central bankers in the news and on the move during the past three months
Kazakhstan central bank governor replaced with presidential staffer
Move comes amid flurry of new appointments made this year
Kazakhstan joins mBridge project
NBK joins cross-border CBDC project as an observer
Policy transmission weak in Caucasus and central Asia – IMF
Recommendations include improved communications, and intraday and overdraft credit facilities
Kazakhstan cuts main rate as outlook improves
Governor says inflation should keep falling but fiscal policy or Russian prices could derail forecast
Kazakhstan raises rate as Kyrgyzstan cuts
IMF criticises Kyrgyz monetary policy and failure to reform central bank law
Bank of Russia says Putin’s mobilisation will hit demand
Kazakhstan rates rocket, while Azerbaijan central bank warns about fiscal policy
Russia’s Mir forced into retreat
Banks and payment systems across Asia banish Russian cards after US warnings
Kazakhstan orders 50bp rate rise
Unlike neighbours, Kazakhstan continues tightening with eight hikes since last July
People: April to June 2022
A round-up of central bankers in the news and on the move during the past three months
Kazakhstan raises policy rate by 50 basis points
Inflation hit 12% in March and expectations are “not anchored”
People: Macklem to chair Basel Committee oversight board
China names policy-makers; BoJ reappoints key monetary policy official; Kazakhstan replaces deputy
Kazakhstan orders unscheduled 325bp hike
Central banks acts under new governor as Russian invasion of Ukraine drives currency down
Kazakhstan’s president announces changes to powerful wealth fund
National unrest leads to changes at SWF that owns an estimated 40% of GDP
Kazakh central bank warns of inflation pressure after protests
Policy-makers opt for 50bp rate hike to curb possible inflation surge
Kazakh central bank suspends banking operations
Deputy chairman says banking will resume when situation is “stabilised”
Tackling surging inflation
Central banks around the world are grappling with rapid price rises, with some taking very different routes to one another