The main objective of the Bank of Mongolia shall be to ensure stability of the national currency.
Inflation (2022/06)
Ulaanbaatar
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2022/06/23
MONETARY POLICY STATEMENT
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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2022/05/31
B. Lkhagvasuren: Bank of Mongolia is not backing off from the bank reform plan
Recent large scale external shocks are negatively affecting the financial sector and real economy. Economic activities decelerated amid Covid-19 and geopolitical tensions, which affected the economy through channels like external linkages (international trade, external payments etc) and market participants’ expectations.
2022/01/31
The Monetary Policy Committee (MPC) of the Bank of Mongolia held an unscheduled meeting on January 28, 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 ...
2021/12/17
Annual headline inflation reached 10.5 percent nationwide and 10.0 percent in Ulaanbaatar city as of November 2021. The rise in inflation is mainly attributable to the supply-driven price increases, induced by border constraints, the spread of infectious livestock diseases and rising transportation costs.
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