The main objective of the Bank of Mongolia shall be to ensure stability of the national currency.
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2022/09/23
MONETARY POLICY STATEMENT
The Monetary Policy Committee (MPC) of the Bank of Mongolia held scheduled meetings on September 16 and 20, 2022. Taking into consideration the current state of the economy and financial markets as well as outlook and risks to the domestic and external economic environment, the MPC decided to raise the policy rate by 2.0 percentage points to 12.0 percent.
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2022/09/22
Introducing the report “Implementation and outcome of the 10 trillion comprehensive plan for economic recovery – 2021”
On February 17, 2021, the Government of Mongolia approved the “10 billion comprehensive plan to protect health and recover the economy” in order to prevent the problems caused by the economic and financial markets of Mongolia from escalating due to the Covid-19 pandemic. The Government of Mongolia and the Bank of Mongolia jointly implemented policy measures in stages.
2022/08/16
Bank of Mongolia’s economist has received an “Outstanding research award”
It is an honor to express our congratulation to Bank of Mongolia’s researcher and economist Mr. Boldbaatar Munkhnasan that his “Farmland Rental Rate: Does Organic Certification Matter?” (with co-authors Joseph P Janzen and Kate Binzen Fuller) publication has received an “Outstanding Research Award” from the Agricultural and Applied Economics Association in 2022.
2022/06/23
The Monetary Policy Committee (MPC) of the Bank of Mongolia held scheduled meetings on June 20 and 22, 2022. Taking into consideration the current state of the economy and financial markets as well as outlook and risks to the domestic and foreign economic environment, the MPC decided to raise the policy rate by 1.0 percentage points to 10.0 percent.
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