The main directions of monetary policy for 2020 and the period 2021-2022 developed
Tashkent, Uzbekistan (UzDaily.com) - The main directions of monetary policy for 2020 and in the period 2021-2022 with the transition to the inflation targeting regime were developed by the Central Bank of Uzbekistan.
In developing this document, the Central Bank focuses on determining the conditions of monetary policy at the new stage of structural reforms with the transition to the phase of the active implementation of the inflation targeting regime with the establishment of:
- a permanent target (target) for inflation at the level of 5% in 2023;
- The goal of reducing inflation to 10% in 2021.
In the main areas, based on macroeconomic conditions, an analysis of inflation and its factors, the main measures taken to achieve the inflation target and bring the monetary policy instruments and mechanisms in line with inflation targeting standards are described in detail.