Ulaanbaatar
Legal environment of establishing mortgage agency to be created
Economy
Ulaanbaatar /MONTSAME/ An issue on creating legal environment for establishing a Mortgage Agency has been projected in the Basic Guidelines for State Monetary Policy for 2021, the President of the Bank of Mongolia (BoM) underlined during a press conference held on November 10.
On
November 5, the parliament adopted the resolution on the Basic Guidelines for State Monetary Policy for 2021. It reflects to decrease inflation rate to 6 percent, continue to finance mortgage loan, approve and implement national project to
avoid being included again in FATF grey list, to lower loan interest rate by one
percentage point annually and protect interest of financial customers,
President of the BoM B.Lkhagvasuren emphasized.
The first chapter of the basic guidelines included works to be jointly fulfilled by the BoM, the Government, Financial Regulatory Commission and other public organizations while the next chapter reflected planned works of the BoM within the framework of stabilizing financial market.
