Article 29. Development and implementation of monetary policy Chapter 6 MONETARY POLICY of the Law on the National Bank of the Republic of Kazakhstan

Home / RLA / Article 29. Development and implementation of monetary policy Chapter 6 MONETARY POLICY of the Law on the National Bank of the Republic of Kazakhstan

IZPI's note! The first part of Article 29 is amended by the Law of the Republic of Kazakhstan dated 30.06.2025 No. 205-VIII (effective sixty calendar days after the date of its first official publication).

The National Bank of Kazakhstan is the only body that determines and implements monetary policy. Monetary policy is implemented by the National Bank of Kazakhstan in order to ensure price stability.

Monetary policy is implemented by establishing:

the base rate of the National Bank of Kazakhstan;

remuneration rates for the main operations of monetary policy;

standards of minimum reserve requirements;

in exceptional cases, there are no direct quantitative restrictions on the level and volume of certain types of operations.

The National Bank of Kazakhstan sets inflation targets for the medium term.

The Law of the Republic of Kazakhstan dated March 30, 1995 No. 2155.

President

Republic of Kazakhstan

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