The goal of monetary policy is the ultimate goal of monetary policy adopted by a country's central bank or monetary authority. Including: economic growth, stable price level, full employment, stable interest rate, stable exchange rate and balance of payments.
Although the central bank can't directly bring about these situations, it can formulate different policies according to the variables it can influence. There is often a conflict between the two goals of monetary policy. Policy can achieve one goal, but it also makes another more difficult to achieve.
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Contents of monetary policy objectives:
Through the formulation and implementation of monetary policy, the final expected goal can be achieved, which is the highest code of conduct for monetary policy makers-the central bank.
The goals of monetary policy can generally be summarized as: stable prices, full employment, economic growth, balance of payments and financial stability.
Stabilizing prices refers to controlling the change of the overall price level within a relatively small range, and there will be no large or severe fluctuations in the short term.
Full employment refers to reducing the unemployment rate to a level that a society can bear.
Economic growth means that the economy is in a state of steady growth for a long time, with each period getting better, without ups and downs and recession.
The goals of monetary policy include: the ultimate goal, the intermediate goal and the operational goal.