National Bank plans to keep inflation in the corridor of 6-8% in 2013

ASTANA. February 16. KAZINFORM The National Bank of Kazakhstan approved the "Guidelines for the monetary policy of the Republic of Kazakhstan for 2013". According to this document, it is planned to keep the annual inflation rate in the corridor of 6-8%.

"The main objective of the National Bank is to ensure price stability and keep the annual inflation rate in the corridor of 6-8%," the statement released on Friday reads.

In addition, the National Bank will introduce a new tool - auctions to purchase securities with reverse repurchase.

"The new mechanism will contribute to reducing the dollarization of the economy, volatility of interest rates, speculative component in the money market and, as a consequence, increasing the flexibility and efficiency of liquidity management."

The Guidelines for the monetary policy for 2013 envisage three scenarios for economic development for 2013-2015, which are synchronized with the estimates of the Government in the formation of the forecast of social and economic development Kazakhstan for 2013-2017 years, Kazinform refers to the Kazakh PM's website.

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