The Central Bank of Uzbekistan from January 1, 2020 will begin a phased transition to inflation targeting, follows from a presidential decree of November 19.<\/p>\n
Starting from January 1, 2020, the Central Bank is instructed to ensure a phased transfer of monetary policy mechanisms to the inflation targeting regime with a goal of reducing inflation to 10% in 2021 and keeping a permanent inflation target at 5% in 2023.<\/strong><\/p>\n The decree also defines the basic principles of monetary policy of the Central Bank, which include:<\/strong><\/p>\n the establishment of a permanent inflation target with a message to the general public;<\/p>\n the use of a wide range of monetary policy instruments to regulate interest rates in the money market and manage inflationary processes;<\/p>\n conducting a detailed macroeconomic analysis and forecasting, taking into account the available information in the domestic and foreign markets for making objective decisions in the field of monetary policy;<\/p>\n improving the communication policy of the Central Bank to explain to the general public the objectives of monetary policy, ensuring a predictable macroeconomic situation and building confidence of market participants.<\/p>\n Source: Kun.uz<\/p>","protected":false},"excerpt":{"rendered":" The Central Bank of Uzbekistan from January 1, 2020 will begin a phased transition to inflation targeting, follows from a presidential decree of November 19. Starting from January 1, 2020,…<\/p>\n","protected":false},"author":1,"featured_media":5525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-novosti-uzbekistana"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/5523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/comments?post=5523"}],"version-history":[{"count":3,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/5523\/revisions"}],"predecessor-version":[{"id":5528,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/5523\/revisions\/5528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media\/5525"}],"wp:attachment":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media?parent=5523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/categories?post=5523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/tags?post=5523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}