President of Kazakhstan Kassym-Zhomart Tokayev held a meeting with Chairman of the National Bank Timur Suleimenov. According to the Akorda Telegram channel, the President heard the report on the implementation of the monetary policy in 2024 and plans for 2025.
Inflation stood at 8,6% in 2024, remaining within the forecast range. However, the influence of external inflationary factors and internal risks continues. The President was informed that gold and foreign exchange reserves grew to $45.8 billion (+27.4%) and the return on assets of the National Fund was 7,5%. The pension assets of the Unified Accumulative Pension Fund sported a yield of 17,8%, which exceeded inflation almost twice.
The stability of the banking system, the strengthening of Kazakhstan tenge and the development of digital financial infrastructure were discussed.
«The President emphasised the importance of stabilising inflation and continuing close coordination of the macroeconomic policy of the National Bank and the Government and set specific tasks for the National Bank,» the press office reported.
