(Reuters) – Kazakhstan’s central bank kept its policy rate unchanged at 14.0% on Monday, saying it only planned to begin “normalising” its monetary policy next year when inflation starts to subside.
The bank said it saw the Central Asian nation’s economy growing 2.8-3.8% this year and inflation staying at 13-15% by year-end, the same level as in May when it stood at 14%.
(Reporting by Mariya Gordeyeva; Writing by Olzhas Auyezov; Editing by Gareth Jones)
