Republic of Kazakhstan: Central Bank Transparency Code Review

International Monetary Fund

No 2026/229, IMF Staff Country Reports from International Monetary Fund

Abstract: Since the transition to inflation targeting (IT) in 2015, the National Bank of Kazakhstan (NBK) has substantially improved its transparency and communication practices. The NBK commitment to transparency is embedded in strategic documents—the 2030 Monetary Policy Strategy, Communication Strategy, and Macroprudential Policy Strategy. Stakeholders consistently acknowledged the NBK as a national leader in promoting transparency, commending its proactive stance on openness, timely dissemination of information, and strong commitment to constructive engagement with the public and institutional partners.

Pages: 153
Date: 2026-08-19
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