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New Kazakh Central Banker to Brave Tenge Risks in Cutting Rates

(Bloomberg) The arrival of a new Kazakh central bank governor has left economists split over what it means for the course of the country’s first cycle of monetary easing in three years.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpThe Moral Case for No Longer Engaging With Elon Musk’s XOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market, Barclays Say ....

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Kazakh Banking Sector Boasts Growing Resilience, Says Latest Fitch Report

Kazakh Banking Sector Boasts Growing Resilience, Says Latest Fitch Report
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Kazakh President Makes Move

The Kazakh president has removed Galymzhan Pirmatov from his role by decree, as a result he will no longer be National Bank of Kazakhstan governor in the country. Taking over duties at the central bank will be Timur Suleimenov, who is a member of the president’s circle. The Senate voted to approve Suleimenov this week.…
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Kazakhstan names former economy minister Suleimenov as central bank chief

Suleimenov, 45, worked most recently as President Kassym-Jomart Tokayev's deputy chief of staff. Tokayev said in an annual address last week he wanted banks to lend more to the economy instead of investing in short-term central bank bonds and taking advantage of high interest rates on the money market. ....

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Kazakhstanappoints new central bank head

ASTANA: Kazakh President Kassym-Jomart Tokayev dismisses Galymzhan Pirmatov as central bank governor and names Timur Suleimenov to replace him, ousting the official who led the institution after riots shook the country over a year ago. ....

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