Kazakh, Azerbaijani central banks exchange experience

The Kazakh and Azerbaijani central banks have discussed the macroeconomic analysis and liquidity in the banking system.

“A delegation of the Central Bank of Azerbaijan visited Kazakhstan within the technical assistance on macroeconomic analysis. The relevant departments of the two central banks discussed the use of short- and medium-term forecasting models, improving tools for assessing the debt burden, and fiscal policy parameters,” Caliber.Az reports citing the Kazakh media.

Moreover, the sides exchanged experience in analysing and forecasting liquidity in the banking system and balance of payment indicators.

The main goal of the Azerbaijani Central Bank is to maintain price stability within its authorities set by the Law. Without prejudice to the main goal the Central Bank safeguards financial stability within its mandated powers with the laws governing financial markets. Profit making is not the main goal of the Central Bank. The main function of the Central Bank is to set and implement the monetary policy and the exchange rate policy, which is its integral part.

The objective of the Central Bank of the Republic of Kazakhstan is to ensure price stability in Kazakhstan.

The tasks of the bank are developing and conducting the monetary policy, contributing to the stability of the financial system, ensuing the functioning of the payment systems and carrying out the statistical activity.