Müasir Şəraitdə Azərbaycanda Monetar Siyasət: Çağırışlar və Təkmilləşdirmə İstiqamətləri

The implementation of monetary policy for a just society in Azerbaijan is becoming increasingly relevant in modern conditions. Providing a scientific justification for this essentially answers the question: “Why is this important now?” In the article, the author approaches the issue from this perspective, emphasizing that inflation is not only a macroeconomic indicator but also a matter of social justice. It is also stressed that without price stability, the sustainability of inclusive growth is impossible, and the institutional strengthening of the Central Bank creates opportunities to align monetary policy with social goals. In addition, the article touches upon post-conflict reconstruction and regional balance issues, highlighting that in the absence of controlled inflation and with chaotic interest rates, the private sector cannot emerge in those territories and that economic activity relies solely on government spending. The article also discusses how stable inflation combined with transparent and predictable monetary policy can help build institutional trust in central banks among the population, and how independent central banks can indirectly contribute positively to social welfare by keeping inflation low and stable. As a result of the research, it is concluded that monetary policy in Azerbaijan has already entered the stage of “systemic stability plus inclusive development plus regional equality,” and in this new phase, monetary policy is no longer merely a technical interest rate decision. The article outlines directions for improving monetary policy in order to build a just 156 society