The Monetary Policy Strategy 2030 is a long-term document that determines the direction of development of monetary policy until 2030.
The strategy aims to increase the transparency of the policy of the National Bank of the Republic of Kazakhstan in order to strengthen the capacity to ensure price stability and the basis of the inflation targeting regime in Kazakhstan. It defines the main goals and priorities of the monetary policy, which will increase the awareness and understanding of the National Bank's activities by society.
Based on the analysis of the factors restraining the potential for reducing inflation, priority measures to overcome structural constraints in the economy and improve monetary policy mechanisms to achieve a full-fledged inflation targeting regime have been identified.
Key initiatives in the Strategy are divided into 3 areas.
The implementation of initiatives in all of the above areas will allow building the necessary elements of inflation targeting, which, in turn, will strengthen control over price increases, will ensure the reduction and stabilization of inflation close to established target of 5% in medium-term. This will create a predictable environment for long-term investment and will contribute to the sustainable development of Kazakhstan's economy.