In this paper, we present the 2010 monetary policy: Stabilizing the economy, boosting the economic growth and curbing high inflation, rientations for the 2011 monetary policy. | Prospects of economic growth & development in 2011 1. The 2010 monetary policy: stabilizing the economy, boosting the economic growth and curbing high inflation the world economy, in 2010, regained its health unequally amongst parts of the world. the expected growth rate, mainly due to stimuli from newly-emerging and developing economies, has increased from in the previous year to in 2010. the world commercial health, from the point of 11% below zero in 2009, also jumped to ; and capital flows poured into emerging markets increased from Us$ up to Us$. however, inflation rate and prices of essential goods has itched kind of higher due to the recovery of global economy and impacts of economic stimulating measures. the world finance market also has swung complicatedly due to Greece’s debt crisis. the fact that the UsA and several of Asian countries are on the verge of monetary war with a view to competing in international commercial edges has unfavorably impinged on the world economic recovery. in pursuant to the Decree dated , 2010 regarding solutions to instruction and execution of socioeconomic development plan, and calculating the 2010 state budget; and given the Decree dated , 2010 concerning solutions to macroeconomic stabilization, inflation control and the target of economic growth of ; the state Bank has administered monetary policies both flexibly and severely so as to stabilize the economy, curb inflation and reach Economic Development Review - January 2011 3 Prospects of economic growth & development the high growth rate of . Basically, promulgated solutions are in compliance with governmental directives. Firstly, monetary polices are administered flexibly so as to secure an appropriate money supply, thereby stabilizing the money market and ensuring a total liquidity suitable for the domestic economic development. interest rates of all kinds are also flexibly adjusted to
