The median forecast in a poll of 17 analysts is for the bank to maintain its deposit rate at 18.25% and its lending rate at 19.25% when its regular monetary policy committee meets. None of the analysts expected rates to change.Annual urban inflation accelerated to 32.7% in May, just short of an all-time high, from 30.6% in April. Month-on-month, inflation jumped to 2.7% from 1.7% in April.
"The authorities seem keen to keep the currency steady for now, which removes a possible trigger for higher rates," Noaman Khalid of NBK said.
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