OREANDA-NEWS. August 24, 2010. In the course of the meeting Grigory Marchenko briefed the President on the results of the Bank’s work.

“Taken as a whole, to date the situation is positive. The inflation rate is sufficiently low and the rate of Tenge is stable. In August we even buy currency at the domestic market for the Tenge to prevent its too rapid strengthening. Kazakhstan enjoyed its positive trade balance.

The situation at financial markets is very stable. The only problem is that the banks do not expand loans. That is why the Government has elaborated two corresponding programs and we hope that it will yield results in autumn,” Grigory Marchenko highlighted at a press briefing.