Government, National Bank to work out a tool for coordinating monetary policy
ASTANA. February 9. KAZINFORM. /Dina Yermaganbetova/ Kazakh Government along with the National Bank will develop a mechanism to have fiscal and monetary policy coordinated, PM Karim Massimov said at the joint session of the Kazakh Parliament’s Houses in Astana. “Fiscal policy will be moderately tough and will be aimed, first of all, at raising the efficiency of the public expenditures and oil revenue management. Monetary policy will be targeted at curbing growth in aggregate demand and development of corresponding financial instruments,” Massimov uttered. "The Government intends to set up also a mechanism for continuous monitoring over the country’s external debt. It will let impose appropriate restrictions on financial and corporate sectors", the Premier added.