What is another word for monetary policy?
Pronunciation: [mˈʌnɪtəɹi pˈɒlɪsi] (IPA) 
Monetary policy refers to the actions taken by a central bank to regulate the money supply to achieve specific economic objectives. There are several synonyms for monetary policy, such as fiscal policy, financial policy, economic policy, and monetary management. The central bank uses various tools to implement its monetary policy, such as adjusting interest rates, regulating the reserve requirements of commercial banks, and open market operations. The purpose of monetary policy is to impact the economy by controlling inflation, promoting employment, stabilizing the currency, and supporting economic growth. Every country has its own monetary policy framework, which is designed to suit the particular economic and social needs of its people.
