• $
  • €
  • ₽
  • ₺
  • £

National Bank of Kazakhstan plans to reduce inflation

National Bank of Kazakhstan plans to reduce inflation
29.05.2020 07:53
Chairman of the National Bank of Kazakhstan Yerbolat Dossayev said at a government meeting in which case the financial regulator will tighten its monetary policy, Trend reports via Kazakh media.

He noted that the National Bank will maintain the inflation targeting regime with an emphasis on maintaining low inflation, as well as sustainable economic development of the country and growth of living standards. The target inflation is being specified.

It is proposed to keep the band of 4-6 percent until 2021, and from 2022 to reduce it to 3-5 percent and maintain it in the long term.

"The National Bank will strive to maintain the level of the base rate positive in real terms within 3-3.5 percent," Dossayev said.
He added that with increasing risks of inflation going beyond the established target band, the monetary policy can be tightened.



www.anews.az
Telegram
Go
Similar news
Similar news
Bir and CineMastercard Announce New Partnership: Cinema Tickets Coming Soon to Birbank
Business 17:16
Bir and CineMastercard Announce New Partnership: Cinema Tickets Coming Soon to Birbank
Yelo Bank updates pre-trip inspection payments: VAT option added
Business 14:33
Yelo Bank updates pre-trip inspection payments: VAT option added
Russia Caps Cash Outflows to Azerbaijan and Regional States at 1 Million Rubles
Business 14:30
Russia Caps Cash Outflows to Azerbaijan and Regional States at 1 Million Rubles
Azerbaijan’s Monetary Base Surpasses 25 Billion Manats — CBA
Business 14:00
Azerbaijan’s Monetary Base Surpasses 25 Billion Manats — CBA
Azerbaijan’s Azeri Light Crude Drops Sharply on Global Markets
Business 12:00
Azerbaijan’s Azeri Light Crude Drops Sharply on Global Markets
Oil Prices Advance on Global Exchanges: Brent Tops $105 per Barrel
Business 11:33
Oil Prices Advance on Global Exchanges: Brent Tops $105 per Barrel
Bank Respublika and AccessBank announce the successful completion of a strategic transaction
Business 11:18
Bank Respublika and AccessBank announce the successful completion of a strategic transaction
Natural Gas Futures Rise on NYMEX for December Delivery
Business 11:00
Natural Gas Futures Rise on NYMEX for December Delivery
Precious Metals Fall on NYMEX/COMEX Trading
Business 10:29
Precious Metals Fall on NYMEX/COMEX Trading
Anews TV

Our official Youtube channel

Subscribe