INFLATION TARGETING POLICY AND ITS MONETARY EFFECT

Аннотация

This article focuses on the effectiveness of the inflation targeting policy and its tools. Price stability is the basis for sustainable economic growth, and the role of the Central Bank in ensuring it is incomparable, and it performs the task of ensuring it on the basis of a number of monetary instruments. Among these tools, the influence of such factors as the regulation of the money supply, the determination of the interest rate, the regulation of the lending activities of commercial banks, and the determination of the exchange rate policy are considered.