During the meeting, the Head of State heard the Report of the National Bank on the results of work for 2017.
Daniyar Akishev told the President of Kazakhstan about the National Bank’s current activities, key areas of monetary policy, as well as the situation on the country's financial market.
According to the Chairman’s Report, the inflation rate for the year of 2017 was 7.1%, the volume of gold and foreign exchange reserves at the end of last year amounted to $ 30.7 billion.
- In January the situation has become even better. The Bank's reserves grew by another 3% to $ 31.7 billion. The National Fund’s assets in foreign currency amounted to 58.3 billion dollars. In January 2018, the inflation rate was 0.6%. This has already been included in our new ranges, which we set for this year - from five to seven percent, Daniyar Akishev said.
Following the meeting, the Head of State has given a number of specific instructions.