Galym Kusayinov: We should fight inflation as a whole country


We have been unable to overcome inflation in our country. It is not only the National Bank that has to deal with it. We need to understand this first.

Unfortunately, there is no point in visiting trade centers and restricting the export of domestically produced buckwheat, sunflower, wheat or other products.

We need to take a deeper look at the structure of inflation, understand its root cause, and deal with the challenges.

For example, in small countries, price growth depends on imports, because it is unprofitable for them to produce everything.

In addition, in such countries, the export of monoproducts is very well developed, which allows to maintain the balance in trade, not to put pressure on the national currency, and to maintain the price of imported goods.

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