IMF recommends Kazakhstan maintain tight monetary policy

ALMATY, Jan 31 (Reuters) - The International Monetary Fund said on Friday that Kazakhstan had experienced strong economic growth in 2024 but recommended that the country's central bank maintain a "prudent monetary policy".

Growth is projected to stabilise at about 3.5% in the medium term, the IMF said, while inflation is expected to ease and reach its 5% target by 2028.

"Monetary policy should remain tight until inflation is close to target, and its effectiveness could be further strengthened," it said in a statement.

"The combination of robust growth, slowing disinflation, and an uncertain outlook justify continued monetary policy prudence."