Firdaus Tolibzoda, chairman of the National Bank of the Republic of Tajikistan, emphasized the need for flexible, evidence-based monetary policy and effective central bank communication at a meeting of Middle East and Central Asian central bank leaders held during the International Monetary Fund and World Bank Group Annual Meetings in Thailand. The discussion focused on economic shocks, geopolitical risks, global commodity price volatility and the potential effects of artificial intelligence on growth, inflation and labor markets. Tolibzoda described Tajikistan’s experience in managing the effects of external conditions, including changes in global prices, transportation and logistics costs, and economic developments among its main trading partners. He stressed that policymakers must assess the nature and duration of shocks and their inflation effects, supported by comprehensive economic analysis and risk monitoring. Timely explanations of monetary policy decisions and their underlying drivers were also identified as important for maintaining public and business confidence.
National Bank of the Republic of Tajikistan emphasizes flexible monetary policy and clear communication amid external shocks
National Bank of the Republic of Tajikistan Chairman Firdaus Tolibzoda emphasized flexible monetary policy, comprehensive risk analysis and clear communication amid global uncertainty. He highlighted Tajikistan’s exposure to commodity prices, logistics costs and economic conditions among its main trading partners.