monetary policy

How a country's main bank controls the cost of borrowing money to keep prices steady and jobs growing.

The fuller meaning

A central bank's management of interest rates and liquidity to meet its goals: the Federal Reserve aims at maximum employment and stable prices, the Reserve Bank of India mainly at price stability with growth in mind, and the Bank of Japan at price stability. Decisions and hints about the path ahead move markets.

monetary policy.

monetary policy

The fuller meaning

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