Basic guideline on state monetary policy approved

Politics
unurzul@montsame.gov.mn
2018-11-15 17:26:00

Ulaanbaatar/MONTSAME/ During today’s plenary meeting of the parliament, basic guideline on State Monetary Policy for 2019 was approved with 66.7 percent votes.

The basic guideline is formulated for supporting economic recoveries and increasing its accessibility by means of empowering economy to bear risks.

It reflects to decrease inflation to 8 percent in 2019-2020 and to 6 percent in the mid-term, as well as ensure sustainability of inflation to keep economic growth and its benefits at constant level, increase the reserve of foreign currency and continue realization of the policy to improve risk-bearing capacity of banks.