Monetary policy is the process by which the government, central bank, or monetary authority of a country controls (i) the supply of money, (ii) availability of money, and (iii)cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy.
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Monetary policy has a deep impact on the behaviour of investors and consumers, from how much they borrow to how much they save. Unsurprisingly monetary policy decisions can have wide reaching impacts on economies and financial markets.
For live updates on monetary policy and a table of global monetary policy interest rates see: Central Bank News