Abstract
The article examines the impact of the credit channel of the transmission monetary mechanism on economic growth. The features and qualitative characteristics of the transmission monetary mechanism, the main transmission channels are revealed. It is determined that the economic growth of the state depends primarily on the dynamic development of the real sector of the economy, and is estimated using the gross domestic product. It is proved that the credit channel of the monetary transmission mechanism occupies a leading place in ensuring economic growth in the country. The article substantiates that the credit channel reflects the impact of the central bank's monetary policy on the availability of resources in credit markets by influencing monetary policy instruments to change the supply of credit resources by changing the amount of free reserves of the banking system.
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