Central Banks
Kazakhstan Frets Russian Inflation May Prevent Return to Easing
- Central bank head watching Russian and domestic price growth
- Kazakhstan cut rates in February, but signaled pause in easing
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Kazakhstan’s central bank is carefully watching Russian inflation in addition to domestic price growth as it weighs when to resume cutting its benchmark rate.
“Without a doubt, of course we are monitoring inflation in Russia,” National Bank Governor Timur Suleimenov said in an interview. “If we import a lot from somewhere, we must determine what is happening there in terms of prices so as not to import inflation.”