AKIPRESS.COM - The National Bank of Kazakhstan will develop a draft Monetary Policy Strategy until 2030, Chairman of the bank Yerbolat Dosayev said at the session of the government, the press service of the Prime Minister said.

The regulator plans to increase effectiveness of monetary policy, ensure a balance between the stability of the financial system and the need for general economic growth, develope the foreign exchange market, etc.

The draft Monetary Policy Strategy will be developed by the end of March 2020, Dosayev noted.

In order to coordinate macroeconomic policies, in March 2020, the Agreement will be concluded between the Government, the National Bank and the Agency for Regulation and Development of the Financial Market.

The document will reflect the continuation of work begun in 2019 on coordinating macroeconomic policies and developing approaches to ensuring a balance between the stability of the financial system and the need for general economic development.