Azerbaijan, Baku, July 25 / Trend E. Kosolapova/
The head of the Kazakhstan's National Bank Grigory Marchenko does not exclude possibility of further refinancing rate reduction this year, Novosti-Kazakhstan reported.
The Kazakh National Bank has reduced refinancing rate three times since January, 1 - in February - from 7.5 to 7 percent, in April - from 7 to 6.5 percent and in June - from 6.5 to 6 percent.
"The National Bank set refinancing rate proceeding from money market condition, supply and demand for loans, inflation and inflation expectations. Official refinancing rate reduction (in this year) resulted from annual inflation slowdown since the second half of 2011 and it continues today. Thus, if these conditions exist, reduction of refinancing rate can continue," Marchenko said at an online conference on Wednesday.
According to Marchenko's forecast, the inflation will hit 6 percent in 2012. In January - June 2012 inflation hit 2.7 percent.
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