The money market indicators play the key role in the financial system, banking system and economy. They are used by various agents, starting with banks, which provide loans to businesses and households, and up to money market derivative financial instruments. The benchmarks play leading role in operating and monitoring monetary policy transmission.
Establishment of the Working Group on the money market indicators in Kazakhstan was initiated with a view to promote the development of the Kazakhstan’s financial market in accordance with the Resolution of the National Bank of Kazakhstan’s Governor dated 4 June 2018 No. 207. To date, work on the development of the money market continues.