From 448.94 for 9 October the rate moved to 453.93 for 10 October, a step of 4.99, and held there for Monday 12 October. It then fell to 451.31 for 13 October and 448.45 for 14 October before turning to 450.62 for Thursday, by the bank’s daily series read on Thursday morning.
Over the five trading days from 9 October the rate is 1.68 tenge weaker, by CAW’s arithmetic on the bank’s figures. Over the month it sits between the 440.86 with which October opened and the 454.98 of 6 October, the series’ high so far this month.
It then fell to 451.31 for 13 October and 448.45 for 14 October before turning to 450.62 for Thursday, by the bank’s daily series read on Thursday morning.
The bank’s next rate decision is due on 23 October. Its base rate stands at 16.25%, and September inflation was 9.3%, by the figures CAW carried on 5 October.
