THE ROLE OF MONETARY POLICY IN ENSURING MACROECONOMIC STABILITY AND DEVELOPMENT OF UZBEKISTAN
Keywords:
Monetary policy, macroeconomic stability, economic development, inflation control, interest rates, exchange rate management.Abstract
The article examines the role of monetary policy in ensuring macroeconomic stability and economic development in Uzbekistan. It analyzes the measures taken by the Central Bank of Uzbekistan to manage inflation, stabilize the currency, and stimulate growth, including interest rate regulation and money supply control. The impact of these measures on GDP, employment, and investment is considered. Attention is given to challenges such as external shocks and structural issues. Recommendations are offered to enhance policy effectiveness and achieve long-term prosperity.
References
Law of the Republic of Uzbekistan, от 11.11.2019 г. № LRU-582
On measures to radically update state policy in the field of economic development and poverty reduction. Decree of the President of the Republic of Uzbekistan, dated March 26, 2020 No. UP-5975.
On the development strategy of the new Uzbekistan 2022–2026. Decree of the President of the Republic of Uzbekistan dated January 28, 2022 No. UP-60.
Website of Central Bank of the Republic of Uzbekistan-https://www.imv.uz/
Website of Ministry of Economy and Finance of the Republic of Uzbekistan-https://www.imv.uz/
