Question

What is monetary policy

Answer 1

Monetary policy of India. Monetary policy is the process by which the monetary authority of a country, generally the central bank, controls the supply of money in the economy by its control over interest rates in order to maintain price stability and achieve high economic growth.

Answer 2

Monetary policy:

• Monetary policy is the strategy implemented by a country's monetary authority, which regulates either the interest rate on very short-time loans or the money supply, sometimes guiding inflation or interest rate to maintain price strength and general currency trust.
• As a comparison to fiscal policy that depends on the government to spend its way out of recessions, the monetary policy seeks to control the money supply, i.e. to 'buy' more currency or reduce the money supply by raising interest rates.

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