Inflation in May made 0.3% – Kelimbetov

June 15. Kazpravda

By Shynar Ospanova

YoY inflation rate downed this year.

Inflation in May made 0.3% - KelimbetovInflation rate decrease is recorded in Kazakhstan, the National Bank governor Kairat Kelimbetov told a plenary session in Senate, Kazpravda.kz correspondent reports.

“Annual inflation of 2014 made 7.4%. Inflation in May 2015 stands at of 0.3% level, since the beginning of the year – 1.5%, year-on-year – 4.3%. The reduction of inflation compared to 2014 helped reduce the price of nonfoods mainly due to imported goods from CIS “- Kairat Kelimbetov reported.

In May 2014 the inflation was 0.6%, year-on-year – 6.9%.

In general, according to the National Bank governor, the price situation in the domestic consumer market remains stable, and the volume of money supply is adequate to the observed economic growth.

“The NB official exchange rate as of June 1, 2015 is185.95 tenge per $ 1. The National Bank continues to pursue the exchange rate policy aimed at smoothing sharp surges and short-term volatility of the exchange rate,” – Kelimbetov said.

He added that as of the end of May 2015, gross international reserves of the National Bank amount to $ 28.7 billion; international reserves of the country, including the National Fund assets in foreign currency are $ 97.8 billion.

http://www.kazpravda.kz/en/rubric/economics/inflation-in–may-made-03—kelimbetov/

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National Bank’s international reserves reach $28.7bln – Kelimbetov

June 15. KAZINFORM. ASTANA

As of end of May 2015 gross international reserves of the National Bank amounted to $28.7 billion, this has been said by the Chairman of the National Bank of Kazakhstan Kairat Kelimbetov at today’s meeting of the Senate.

According to Mr. Kelimbetov, international reserves of the country, including assets of the National Fund in foreign currency, amounted to $97.8 billion,” K. Kelimbetov announced during today’s plenary session of the Senate.

He said that at present the National Bank continues to hold the exchange rate policy aimed at smoothing sharp jumps and short-term exchange rate volatility.

http://www.inform.kz/eng/article/2786660

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