This article analyzes the mechanisms for enhancing the transmission of monetary policy in Uzbekistan. It examines the Central Bank’s reforms—particularly interest rate policy, development of the interbank market, and the adoption of inflation targeting - as critical tools to improve the effectiveness of monetary policy on economic dynamics. Drawing on statistical data, the paper explores existing challenges and proposes strategic directions to strengthen monetary instruments and foster sustainable economic growth.

Monetary policy, transmission mechanism, inflation targeting, Central Bank, interest rate, economic growth, financial stability.

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