Exchange rate policy should adequately react on world prices changes - G.Marchenko

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ASTANA. October 19. KAZINFORM /Serik Sabekov/ The exchange rate policy should adequately react on the world prices changes. Chairman of the National Bank Grigory Marchenko has announced it at an enlarged session of faction of the Nur Otan People's Democratic Party.

"We will take measures, which are intrinsic to the central bank with using of all statutory instruments of the monetary policy for the short-term liquidity regulation. The exchange rate policy will be directed to ensuring balance between internal and external competitiveness. We would not allow revaluation of exchange rates, national currency, which can affect the competitiveness of the domestic production in global conditions", the Chairman noted.

According to him, the exchange rate policy should adequately react on the world prices changes. At the same time support of economy competitiveness can not be solved only by the exchange rate policy. The main role in it should play measures on improving labor productivity, production quality, economic restructuring and diversification.

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