• $
  • £

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
Similar news
Similar news

Demand for ABB Bank bonds exceeded the offer by three times!
Business 20:15
Demand for ABB Bank bonds exceeded the offer by three times!
Direct flights between Bratislava and Baku to launch in October 2026
Business 16:30
Direct flights between Bratislava and Baku to launch in October 2026
SOCAR and MOL executives meet in Tashkent
Business 15:00
SOCAR and MOL executives meet in Tashkent
Kazakhstan increases oil exports via Azerbaijan
Business 14:30
Kazakhstan increases oil exports via Azerbaijan
SOCAR uses AI and 3D seismic technology in North Ustyurt project
Business 14:00
SOCAR uses AI and 3D seismic technology in North Ustyurt project
BP joins SOCAR and Uzbekneftegaz oil and gas project in Uzbekistan
Business 13:00
BP joins SOCAR and Uzbekneftegaz oil and gas project in Uzbekistan
New Campaign from Yelo Bank: "Welcome to Your Business"!
Business 12:08
New Campaign from Yelo Bank: "Welcome to Your Business"!
Azerbaijan’s central bank keeps dollar rate unchanged at 1.7 manats
Business 09:59
Azerbaijan’s central bank keeps dollar rate unchanged at 1.7 manats
Azeri Light rises above $115 per barrel
Business 09:30
Azeri Light rises above $115 per barrel
Anews TV

Our official Youtube channel

Subscribe