INTERRELATION BETWEEN INFLATION AND EXCHANGE RATE POLICY IN ENSURING MACROECONOMIC STABILITY
DOI:
https://doi.org/10.55640/Keywords:
inflation, exchange rate policy, macroeconomic stability, monetary policy, Central Bank, Uzbekistan economy.Abstract
This article analyzes the interrelation between inflation and exchange rate policy in ensuring macroeconomic stability in Uzbekistan. The study covers the period 2020–2024 and examines the dynamics of inflation, changes in the Uzbek soum’s exchange rate against the US dollar, and the key monetary policy measures implemented by the Central Bank.The findings show that the decline in inflation and the relative stability of the exchange rate are the results of coordinated fiscal and monetary policies. The study also highlights how the inflation–exchange rate mechanism affects economic growth and real household income.
References
1.Central Bank of Uzbekistan – https://cbu.uz, 2020–2024.
2.State Statistics Agency of the Republic of Uzbekistan – https://stat.uz, 2020–2024.
3.Monetary Policy Review 2024, Central Bank of Uzbekistan, Quarterly Bulletin.
4.Hojiqulova F. Improving the Tax System in Uzbekistan, Science and Innovation Journal, 2022, No. 7.
5.IMF World Economic Outlook Database, April 2024 Edition.
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