Kazakh cenbank says possible base rate cuts depend on external shocks

June 6, 2016 11:17 AM

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ALMATY, June 6 Kazakhstan's central bank on Monday did not rule out cutting its base rate, saying that much would depend on the impact of external shocks on the Central Asian's oil-fuelled economy.

Announcing its decision to leave its main policy rate unchanged at 15 percent, the bank also said that its inflation outlook for at least one year could also determine when rates could be cut.

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