On August 29, 2023, the TALAP Center for Applied Research Public Foundation presented the research "Business Climate of the New Time" at the forum "Stagnation or the New 90s" in Astana: how will SMEs develop?"
The presentation presents the main factors of monetary policy inefficiency and high inflation. This includes a pro-inflationary exchange rate policy, a non-functioning interest rate channel, as well as proposals to improve the situation, in particular, the transition to a comprehensive anti-inflationary policy that takes into account all inflation factors and provides for joint targeting of inflation, smoothing exchange rate fluctuations and economic growth.
