
Kazakhstan’s Akishev sets sights on lower inflation

The National Bank of Kazakhstan (NBK) plans to build on its success so far with inflation targeting and push inflation even lower in the medium term, governor Daniyar Akishev said on February 3.
The central bank has aimed for a band of 6–8% CPI inflation since adopting inflation targeting in 2015. The switch from a pegged exchange rate was prompted by selling pressure on the tenge, which caused the central bank to abandon the peg and devalue the currency in August 2015.
Akishev said the central
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com