السياسة النقدية

Monetary policy is a major component of macroeconomic policies, which also include fiscal policy, macroprudential policy, exchange rate policy, and foreign trade policy.

Although there are some cases in which the objectives of monetary policy and the objectives of some other economic policies conflict, there must be coordination between all of them to achieve a common goal that countries seek to reach, represented in achieving high and sustainable growth rates and creating job opportunities.

The implementation of monetary policy has an impact on the real economy, through the effects it has mainly on the levels of aggregate spending, and on both sides of the supply and demand for money in society.

In general, the final objectives of monetary policy revolve around the main goal, which is to achieve price stability, which is one of the most important pillars of economic stability. Through the use of various monetary policy tools.

In light of the foregoing, this booklet aims to shed light on the role of monetary policy in achieving price stability and the foundations, objectives, tools, and types of monetary policy, and the role of central banks in managing monetary policy and achieving its objectives.