PhD student in Post Graduated Program, Tashkent Financial Institute Lecturer on the subject Monetary Policy at the Banking and Finance Academy of the Republic of Uzbekistan
Online published on 26 March, 2021.
Applying transmission mechanism of the monetary policy, the Central Bank impetuously responds to such macroeconomic indicators as gross production and inflation rate through the change of the bank interest rate and money supply. These impetuous responses occur through mechanism channels and occupy a significant place as interest rate channels inside these channels. In this regard this article is devoted to the study of the performance of interest rate channels in the transmission mechanisms in the Republic of Uzbekistan and their impact on the macroeconomic indicators through VECM model.
Transmission mechanism, Monetary policy, Interest rate channel, Nominal and real interest rate
