Parliament Discusses Monetary Policy


Parliament discussed the proposed revisions to the 2013 general budget during a session yesterday. N.Zoljargal, the president of Mongol bank, introduced the proposed revisions. Mongol bank prioritizes to maintain economic growth, reduce the loan interest rate and keep the inflation rate no more than 8 percent in 2013. N.Zoljargal said that Mongol bank will take measures to improve the macro economy, and stimulate the real economy in the coming years. And Mongol bank will also stabilize the currency rate and keep it flexible by upgrading its competitiveness. In past years, Mongol bank failed to keep the inflation rate lower than eight percent. Newly appointed President of Mongol Bank, N.Zoljargal said that the bank can potentially fulfill its promise with Government. MP S.Odontuya recalled that the banks risk managements have been false during the session. However B.Javkhlan, the Vice President of Mongol Bank, said that the bank’s risk managements is good-enough and has been reviewed every month.
Afterwards, the monetary policy was sent to the Standing Committee to be brought in to the first discussion.

Short URL: http://ubpost.mongolnews.mn/?p=1321

Posted by on Oct 5 2012. Filed under Онцлох мэдээлэл. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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