What is Monetary policy ?
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Monetary policy is the policy relating to the regulation of supply of money, rate of interest and availability of money, with a view to combat situation of inflationary or deflationary gap in the economy.
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Answer:
Monetary policy is the process of drafting, announcing, and implementing the plan of actions taken by the central bank, currency board, or other competent monetary authority of a country that controls the quantity of money in an economy and the channels by which new money is supplied.
Explanation:
Monetary policy consists of the management of money supply and interest rates, aimed at meeting macroeconomic objectives such as controlling inflation, consumption, growth, and liquidity.
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