monetary policy
MON-ih-teh-ree POL-ih-see
ˈmɒnɪtəri ˈpɒlɪsiListen
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Dictionary meaning
the set of decisions and actions taken by a country's central bank or monetary authority to manage the supply of money and interest rates in order to achieve macroeconomic goals such as price stability, full employment, and sustainable economic growth; expansionary monetary policy lowers interest rates and increases money supply to stimulate activity during downturns, while contractionary policy raises rates and restricts money growth to curb inflation; key tools include setting benchmark interest rates, open market operations, and quantitative easing or tightening
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