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2018 MONETARY POLICY DIRECTIONS ADOPTED

2018 MONETARY POLICY DIRECTIONS ADOPTED
16
Nov

2018 MONETARY POLICY DIRECTIONS ADOPTED

The Parliament discussed and adopted a resolution on the Main Directions for 2018 State Monetary Policy. The Monetary Policy will aim to solidify the positive developments in the economy, enhance financial sector stability and ensure long-term and sustainable economic growth. The monetary policy includes objectives such as maintaining inflation rate around eight percent in 2018-2020, cohering with policy tools directed at preventing risks in financial sector, and realizing a future-oriented monetary policy and developing a channel for public communication and ensuring transparency in order to increase the effectiveness of the policy. Within the framework of strengthening financial market infrastructures, the policy will facilitate continuation of legal renovation in banking and financial sector, implementation of the relevant laws and regulations, consistency of national payment system and integration of payment instruments, and continued implementation of National Program for Financial Literacy in cooperation with international, private and public organizations.