THE ROLE OF MONETARY POLICY IN ECONOMIC DEVELOPMENT

Abstract

This article examines the role and significance of monetary policy in economic development. The study analyzes the theoretical foundations of monetary policy, its main instruments, and its role in ensuring macroeconomic stability. In addition, the effectiveness of monetary policy reforms being implemented in Uzbekistan aimed at curbing inflation, maintaining the stability of the national currency, stimulating investment activity, and supporting economic growth has been studied. During the research process, methods of statistical analysis, comparative analysis, induction, and deduction were used. The results showed that monetary policy is an important factor in ensuring economic growth, financial stability, and the well-being of the population. At the end of the study, scientific and practical recommendations were developed to improve the effectiveness of monetary policy