AKIPRESS.COM - The Bank of Mongolia held a meeting with Mongolian business representatives on the "Basic Guidelines for 2024 State Monetary Policy" project on October 17. Chief Economist of the Bank of Mongolia Gan-Ochir Doojav presented information about the project's goals and objectives at the meeting, Montsame reports.

Chief Economist Gan-Ochir Doojav said that the Bank of Mongolia developed the "Basic Guidelines for 2024 State Monetary Policy" project and submitted it to the Parliament. He emphasized that the policies are expected to be responsive to public opinion and consider the suggestions and recommendations of experts before approval. He ]added that open discussions and information-sharing meetings are being held gradually.

The State Monetary Policy 2024 aims to support economic growth by stabilizing inflation. The Bank of Mongolia plans to stabilize medium-term inflation to within 6 ± 2 percentage points by developing the basic infrastructure for the implementation of inflation-targeting monetary policy to the next stage.

The participants discussed proposals to focus on maintaining exchange rate stability by increasing the country's official foreign exchange reserves, lowering interest rates, and preventing financial fraud. Member of Parliament Ch. Undram, President of the Mongolian National Chamber of Commerce and Industry D. Enkhtuvshin, and Deputy Governor of the Bank of Mongolia G. Enkhtaivan took part in the meeting.