CABINET AND BM TO COLLABORATE IN STABILIZING PRICE

Ulaanbaatar, Mongolia /MONTSAME/ A middle-term programme on stabilizing price of consumer goods will be implemented. A cooperation memorandum of realizing this programme was signed on Monday by N.Altankhuyag, the Prime Minister; and N.Zoljargal, the president of the Bank of Mongolia (BoM). In frames of the memorandum, sub-programmes will be implemented to keep the price stability of consumer goods such as petroleum, meat, vegetables, flour and construction materials, to decrease the transport cost for these products and to prevent price boost of apartments. Each sub-programme has a mechanism of implementation as well as a market regulation of reducing the factors of creating the price boost. The side of the BoM will maintain a fiscal policy for flexibly tackling these issues by collaborating with the private sector. Mentioning that the cabinet for reform put forward a goal to keep the inflation rate in ten per cent, the Premier underlined that the programme will be realized in five directions to stabilize the price of consumer goods, and hoped that it will create tangible and positive results. B.Khuder