PRAGUE, March 29 Kazakhstan's central bank is
considering raising banking sector reserve requirements
following its half-point interest rate hike earlier this month,
central bank Governor Grigory Marchenko said on Tuesday.
"During the crisis we were cutting interest rates, but in
February we increased when we saw that inflation was creeping
back," Marchenko told an economic conference in Prague.
"We are also now contemplating increasing minimum reserve
Marchenko added that the central bank had bought around $6
billion in foreign currency since the start of the year to
prevent the Kazakh tenge KZT= from appreciating too fast.
(Reporting by Jan Lopatka; writing by Michael Winfrey)