Inflation and Anti-inflation Policy
DOI:
https://doi.org/10.51699/mjssh.v4i1.390Keywords:
Inflation, Monetary Policy, Inflation Targeting, Price Stability, Exchange Rate, Fiscal Policy, Uzbekistan, Central Bank, Global Inflation Control, Economic ReformsAbstract
The global problem of inflation impacts purchasing power, investment, and economic stability in general. The paper presents a global outlook on inflationary tendencies and anti-inflation policies, with special attention to the situation in Uzbekistan. Key factors of inflationary pressures include monetary expansion, fluctuations in the national currency exchange rate, and structural inefficiency; the paper looks at Uzbekistan's changeover to the inflation-targeting regime, which was underpinning the decrease in inflation to 5% for the long-term horizon with fiscal-monetary policy coordination. It thus compares the strategies of Uzbekistan with global ones, such as interest rate changes in developed and currency management in emerging economies, in order to outline some effective measures for price stability. While Uzbekistan has made a certain progress in monetary reforms and financial market development, challenges like exchange rate volatility and external price shocks are not yet overcome. It will be successful in its strategy for inflation control with policy consistency, strengthening financial sectors, and active private sector participation to ensure stable economic growth.
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