Importance The main task of the State regulation of economy is to achieve its sustainable development. The increasing role and importance of tools for monetary control update the research of modern trends in the development of theoretical foundations of the State monetary policy. Objectives The study aims to identify the main factors that increase the role of monetary regulation of the economy. Methods The study draws on scientific theoretical and practical works of foreign and domestic scholars. We formulated our findings based on historical, systems and logical approaches, and the statistical analysis. Results The identified trends enable to conclude about the need for a synthesis of tools for the monetary policy and the banking supervision to enhance the efficiency of monetary regulation. We propose to implement the microlevel, i.e. the system of internal control of credit institutions, in the structure of monetary regulation. This is caused by the development of the credit channel of currency issue. The article gives reasons for the need to introduce macroprudential approaches and to use the tools of discretionary monetary policy. Conclusions and Relevance The aim of the revealed trends and formulated proposals is to improve the efficiency of the monetary regulation, which is essential for sustainable economic development of the country.
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