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.
"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
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