Ulaanbaatar
Bank of Mongolia introduces members of Monetary Policy Council
EconomyUlaanbaatar /MONTSAME/ On Monday, the new Council on Monetary Policy held its first meeting, and announced the official members, in accordance with the Resolution No 225 issued on August 29,2016. The council has 14 members, 10 of whom has been chosen from the Bank of Mongolia (Central bank) and the rest are researchers and independent economists.
The meeting also presented the measures to be taken in connection with the increase in policy rate by 4.5 points, and delibnerated a package document of monetary policy for 2017.
The council resolved to call another meeting on the issue of submitting the draft document to the State Great Khural (Parliament) by October 1.
The members are: Governor of the Bank of Mongolia (BoM) N.Bayartsaikhan, First Deputy Governor of BoM O.Erdembileg, Deputy Governor of BoM B.Lkhagvasuren, Head of Monetary Policy Department B.Bayardavaa, Head of Market Department B.Batdavaa, Head of Monitoring and Evaluation Department N.Batsaikhan, Head of Research and Statistics Department Ts.Munkhbayar, Adviser to the President of Mongolia and Chief Economist at BoM D.Gan-Ochir and the Head of Currency Department R.Sarantsetseg; independent members: a former First Deputy Governor B.Enkhkhuyag, a professor at the Economics Department of the University of Finance and Economy Ts.Batsukh, a professor at the Economics Department of the School of Social Science of the National University of Mongolia (NUM) B.Erdenebat, a professor at the Business School of NUM Ch.Khashchuluun, and the President of “Mongolia Needs You” NGO B.Battushig.
