Operating principles and criteria for transition to an inflation targeting policy

In the modern world, the success of any state depends, among other things, on a properly selected and efficiently implemented monetary policy. In order to achieve that, many modern central banks are gradually moving towards inflation targeting policy. This article demonstrates the necessary conditions, without which the central bank will not be able to target inflation. It was also possible to determine that the popularity of this policy is explained by the conventional opinion that the absence of inflation and price stability is a criterion for continued economic growth. At the end of the article, both positive and negative aspects of the transition to the inflation targeting policy are given and a conclusion is drawn about its potential consequences for the country's economy.