Monetary Policy in Ensuring Sustainable Development of Kazakhstan's Economy

Abstract

Monetary policy is a set of money policy measures (which primarily governs changes in the money supply) and credit policy (aimed at regulating the volume of loans, the level of interest rates and other indicators of the loan capital market). At the present stage, monetary policy is one of the methods of the state's indirect regulation of the economy. Analysis of economic literature and actual statistical data on the successful implementation of monetary policy shows that the main directions of monetary policy should be linked with macroeconomic state policy, that is, with the forecast of the country's socio-economic development for the next period, fiscal policy, with foreign economic policy (the forecast of the balance of payments of the country). To this end, the central or national bank interacts with government agencies, commercial banks.