KAZAKHSTAN CENTRAL BANK SAYS IT RAISES POLICY RATE TO 15.25%
ALMATY, Nov 29 (Reuters) -Kazakhstan's central bank raised its benchmark interest rate to 15.25% from 14.25% on Friday in response to a sharp weakening of the local tenge KZT= currency which tracks the Russian rouble.
The bank said it would consider further monetary policy tightening at upcoming meetings.
The tenge hit an all-time low against the U.S. dollar this week, passing the 500 per dollar mark, and the bank has said it intervened to curb volatility.
Reporting by Mariya Gordeyeva; Writing by Olzhas Auyezov; Editing by Christopher Cushing
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