President Kassym-Jomart Tokayev received Chairman of the National Bank Galymzhan Pirmatov

President Kassym-Jomart Tokayev received Chairman of the National Bank Galymzhan Pirmatov
April 24, 2023

The head of state heard a report on the results of the implementation of the National Bank’s monetary policy for the 1st quarter of 2023.

The President was informed about the situation in the economy and the financial sector of Kazakhstan, the improvement in business activity, the dynamics of the deposit market, as well as the status of the assets of the UAPF, the National Fund and gold and foreign exchange reserves.

Galymzhan Pirmatov said that monthly and core inflation are declining and are forming in accordance with the regulator’s earlier forecasts. At the same time, inflationary risks are still high, which requires maintaining the current monetary conditions.

Kassym-Jomart Tokayev was also provided with information on the development of the instant payment system and preparations for the introduction of digital tenge.

Following the meeting, the Head of State set a number of tasks aimed at the effective implementation of monetary policy.