UPDATE 3-Kazakh banks have no liquidity problems - c.bank
(Adds refinancing rate plans, bank earnings)
ALMATY, Sept 16 (Reuters) - Kazakhstan's central bank moved to reassure investors on Tuesday that the worst impact of the global credit crunch was behind the country, saying domestic banks had enough liquidity and inflation was under control.
Kazakhstan-watchers have been concerned with the state of Central Asia's biggest economy after a global credit squeeze hit domestic banks hard in mid-2007 and crippled its highly leveraged construction industry.
Central bank chairman Anvar Saidenov sought to ease these worries, saying banks have weathered the credit crunch in good shape and inflation would be tamed.
"Our banks have no problems with liquidity," he told a news conference. "The main impact was last year. There are no surprises at the moment."
Another worry for macroeconomic decision makers is high inflation in the resource-rich nation which relies heavily on oil, metals and grain for export revenues.
Saidenov said he was still hopeful that inflation would be in line with the official forecast of below 10 percent.
"The forecast that we gave, 10 percent, may still be reached," he said. Inflation was 10.8 percent in 2007. Continued...


UK
US