Susidenko Influence of monetary policy on economic growth in Ukraine.

Subject of study. The problems of stability and effective regulation of the money supply arise from the influence of various factors, such as global economic shifts, the complexity of the proportional distribution of the money supply, and the significant determination of the effects of state management of monetary policy over time. The study of the factors of increasing the effectiveness of the state management of monetary policy will allow to determine the optimal strategies for regulating the money supply in order to ensure the stability of the economy and prevent unemployment and uncontrolled inflation. The aim of the study.Evaluation of the effectiveness of the current monetary policy in Ukraine in the conditions of the legal regime of martial law and comparison of different models of monetary policy in order to determine the optimal strategies for the conditions of the Ukrainian economy. Research methods. The methodological basis of the study is a set of methods of scientific knowledge, namely logical, system-structural and others. Results of work. Monetary policy affects the investment climate and the level of financial stability. Changes in the level of interest rates, credit conditions and other monetary parameters can affect the decisions of enterprises regarding investments and development. The analysis of the discount rate in Ukraine and the change of certain macroeconomic indicators within the monetary policy of the NBU for the short-term perspective proves that with the escalation of the military conflict, commercial banks have significantly reduced the volume of credit and monetary transactions in the domestic market. The impact of the discount rate decreased significantly, because credit and financial institutions preferred to accumulate funds. In order to increase the effectiveness of monetary policy, the need to take into account not only internal, but also external factors, such as international financial markets, exchange rates, foreign economic competition and the foreign political situation, has been proven. Integration into the world economy requires understanding and adapting monetary policy to global trends.