President received National Bank Chairman
18:33, 18 August 2010
ASTANA. August 18. KAZINFORM The Head of the State received Chairman of the National Bank of Kazakhstan Grigory Marchenko, the Presidential press service reports.
G.Marchenko informed the President on the results of the work of the bank.
"Generally, the situation is positive. The inflation rate is low enough, the tenge rate is stable. We were even forced to buy currency at the domestic market to prevent too rapid strengthening of the national currency. The situation at the financial markets is stable as well. The only problem is that the banks' financing of the economy doesn't extend. In this regard, the Government developed two corresponding programs. We believe these measures will bring positive results by the autumn and the volumes of financing of the real sector of the economy by banks will increase", G.Marchenko said at the briefing.