Government and the National Bank should operate in unison, according to Toqaev's statements, to combat inflation.

Headline: Tokayev Announces New Bank Law to Combat High Inflation in Kazakhstan

In a recent address to the people of Kazakhstan, President Kassym-Jomart Tokayev highlighted the main challenge facing the country's economy: high inflation. This issue, affecting economies worldwide, is negatively impacting economic growth and household incomes in Kazakhstan.

To address this challenge, Tokayev announced that a new bank law will be adopted by the end of the year. This law is intended to help combat high inflation and is part of Tokayev's efforts to break out of the macroeconomic vicious cycle affecting Kazakhstan's economy.

The new bank law is expected to involve joint action by the government and the National Bank of Kazakhstan. The unpopular measures expected from this collaboration include taking responsibility for difficult macroeconomic actions and implementing proven methods to break free from the inflationary cycle, as urged by President Tokayev.

According to Tokayev, maintaining macroeconomic stability is crucial for creating a favorable investment climate in Kazakhstan. The new bank law is expected to provide a more stable and favorable investment climate in the country.

Now is not the time for power struggles in Kazakhstan's government, according to Tokayev. The new bank law is a demonstration of the government's commitment to overcoming economic challenges in Kazakhstan. It is also a sign of unity between the government and the National Bank of Kazakhstan in addressing these issues.

Tokayev emphasized the need for joint action by the government and the National Bank to combat high inflation. He stated that there is no ready-made solution to the high inflation problem, but they must break out of the macroeconomic vicious cycle.

The situation in Kazakhstan's economy is of a general national character. Tokayev urged all Kazakhstanis to understand the gravity of the situation and support the necessary measures to combat high inflation.

In conclusion, the new bank law announced by President Tokayev is a significant step towards addressing economic issues in Kazakhstan. It is a demonstration of the government's commitment to maintaining macroeconomic stability and creating a favorable investment climate in the country.