President Tokayev orders to work out monetary policy strategy until 2030

AKIPRESS.COM - During the session on economic issues today, President of Kazakhstan Kassym-Jomart Tokayev ordered to deelop a strategy of monetary policy until 2030, Akorda reported.
The head of state said that the government should first rely on income of the state budget. The National Bank must reconsider approaches in management of funds of the National Fund to increase investment incomes.
"A proper management of assets can significantly increase the volume of the National Fund," he noted.
The President also criticized the situation when commercial banks redirect resources for consumer loans and reduce the volumes of business loans in search of benefits.
Tokayev at the session urged the National Bank to improve communication and awareness raising policy, which allows to increase trust of the participants of the market and population to the activities of the regulator.