ANALYSIS OF CONVENTIONAL AND UNCONVENTIONAL MONETARY POLICY IMPLEMENTED BY THE CENTRAL BANK
DOI:
https://doi.org/10.60078/2992-877X-2026-vol4-iss6-pp12-20Abstract
This article analyzes the conventional and unconventional monetary policy instruments employed by the Central Bank of the Republic of Uzbekistan during 2020–2025. The research covers the key interest rate, required reserve ratios, bond issuance, deposit auctions, interest rate corridor, and balance sheet expansion policy. Based on statistical-empirical analysis, the effectiveness of the Central Bank's monetary policy instruments in curbing inflation, stabilizing the national currency, and managing banking system liquidity is evaluated.
Keywords:
monetary policy key interest rate inflation targeting required reserve ratios unconventional monetary policy interest rate corridor deposit auctions liquidity sterilization central bankReferences
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