ASTANA Jan 9 Kazakhstan's central bank kept its
policy rate unchanged at 12 percent on Monday but said chances
of more rate cuts have increased thanks to an inflation
Annual inflation is on track to slow to the target range of
6-8 percent in January or February after reaching 8.5 percent in
the whole of 2016, the central bank said in a statement.
The likelihood of further monetary easing will grow as long
as factors that could boost inflation and global market
uncertainties run out of steam, the central bank said.
Concerns that price growth could pick up in late 2016 had
not materialised, and inflation expectations among households
are now on the ebb, the central bank said.
(Reporting by Mariya Gordeyeva; Writing by Andrey Ostroukh;
Editing by Alexander Winning)