MNU Presents a System for Forecasting and Analyzing the National Bank’s Monetary Policy

Maqsut Narikbayev University hosted a presentation of a system for forecasting and analyzing the monetary policy of the National Bank of Kazakhstan. The event was held as part of a meeting of the Bank’s Expert and Analytical Club.

The event was organized jointly with the National Bank of Kazakhstan and brought together representatives of the banking sector, expert community and academia. Welcoming the participants, Saule Kemelbayeva, Dean of the MNU International School of Economics, emphasized the importance of professional dialogue between the university and the industry.

During the meeting, Islam Yerzhan, an MNU graduate and Head of the Macroeconomic Research and Forecasting Division of the National Bank’s Monetary Policy Department, presented the FPAS system, which is used to analyze economic conditions and prepare macroeconomic forecasts.

The system includes short- and medium-term forecasting tools that make it possible to assess the current economic situation, develop macroeconomic projections and evaluate possible economic development scenarios.

Representatives of the National Bank also spoke about the forecasting process, the application of artificial intelligence and methods for short-term inflation forecasting. The meeting concluded with a discussion of the approaches presented.