Kazakh government is taking measures to mitigate the impact of the global oil market fever
Kazakh government is taking measures to mitigate the impact of the global oil market fever on Kazakhstan’s economy. The National Bank raised the interest rate to 12 percent from 9.25. This has become known at a meeting of ministries chaired by Prime Minister Askar Mamin. Kazakh finance minister Alikhan Smailov reported on the indexation of pensions and benefits, taking into account the new tenge exchange rate and revised inflation corridor.