Kazakh central bank aims to slash inflation to 3-4 pct by 2020

ALMATY Thu Feb 12, 2015 12:03am EST

ALMATY Feb 12 (Reuters) - Kazakhstan's central bank aims to slash annual inflation to 3-4 percent by 2020 from 7.4 pct in 2014, National Bank Governor Kairat Kelimbetov said on Thursday.

The central bank also expects the credit portfolio of local banks to rise more than 10 percent this year after a 7 percent rise in 2014, Kelimbetov told a news conference. (Reporting by Dmitry Solovyov; Editing by Mariya Gordeyeva)

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