UPDATE 1-Kazakh cenbank says persistent risks require it to hold key rate steady

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds quote) ALMATY, Feb 14 (Reuters) - Kazakhstan's central bank is likely to keep its policy rate unchanged at 16.75% in its Feb. 24 monetary policy review, deputy bank governor Berik Sholpankulov said on Tuesday, citing persistent inflation risks. "Inflation continues to accelerate against the background of supply chain readjustments, high expectations, fiscal support for demand, and growing lending," he told a government meeting.


Annual inflation in the oil-rich Central Asian accelerated to 20.7% in January from 20.3% a month earlier.
(Reporting by Olzhas Auyezov; Editing by Himani Sarkar and Kim Coghill)

Messaging: olzhas.auyezov.thomsonreuters.com@reuters.net))
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