November 2, 2017, 15:00
The Eurasian Research Institute invites you to participate in the Economy, Finance and Energy Studies Seminar titled “The Independence of the National Bank of Kazakhstan” by Daniyar Nurbayev on November 2, 2017.
During the last two decades the idea that central bank independence helps to maintain price stability, became popular among economists and central bankers. Many countries’ governments give their monetary authorities higher independence to achieve the price stability goal. However, emerging countries such as Kazakhstan, suffer from high inflation. This inflation occurs largely due to a low level of independence of central banks.
Therefore, it is important to pay attention to the independence of the National Bank of Kazakhstan, and by looking at the independence of the NBK, we understand the reasons of high inflation in the country.