“In order to perform the order of the head of state (instructed at an expanded government meeting on July 10 - KazTAG) to reduce non-monetary inflation, measures are required on the part of the Government and the ministry to reduce dependence on imports by saturating markets with goods, optimizing supply chains and avoiding speculation. This will increase the effectiveness of the implementation of monetary policy," he said.
He also noted that in order to implement the instructions of the head of state given on July 10, the National Bank plans to “pursue a monetary policy aimed at keeping inflation within the range of 8-8.5% in 2020."
“For this, the National Bank will use the available tools,” said Dosayev.
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