#Hebdo Monetary Policy
Monetary Policy is the overall of polices taken by monetary authorities such as central banks. It mainly focus on interest rate, money supply, reserve manipulations. The primary objectives of monetary policies (MoPo) in countries is to stabilize growth, maintain lower rate of unemployment. In case of lack of autonomy, central banks may be required to move its monetary instrument and targets in tandem with foreign MoPo, even though local economic situations may be very different from the foreign economies’. The consequence is not only inadequate progress but also unneeded and harmful pressure on economy.
CJEA