Kazakh president piles pressure on central bank to boost growth
Autocratic ruler berates ministers and central bank chief over banks and growth rates
The president of Kazakhstan, Nursultan Nazarbayev, has demanded the central bank does more to boost growth, in a sign the government is seeking to influence efforts to control inflation.
On January 30, President Nazarbayev held a combative televised meeting with ministers and central bankers, Reuters reported. He demanded the central bank and government ministries aim for 5% growth this year, a target that looks optimistic relative to the International Monetary Fund’s 2019 projection of 3.1%.
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