Monetary Policy

Vasant C. Joshi
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Vasant C. Joshi: Saraswati Vinayak Apartments

Chapter Chapter 6 in Changing Dimensions of Financial Services and Banking Regulation, 2025, pp 89-101 from Springer

Abstract: Abstract Central Banks, such as the Bank of England and the Federal Reserve, have a diverse role, including maintaining stability in financial institutions and markets. Their primary focus often centers on controlling inflation to ensure economic stability and confidence in financial systems. However, both the UK and US governments have shown dissatisfaction with Central Banks, particularly regarding their reluctance to reduce interest rates. This discontent may arise from various factors, but it highlights tensions between government fiscal policy goals and Central Bank monetary policy strategies. Despite this tension, Central Banks remain essential in managing economic stability and financial confidence globally.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-96-5443-7_6

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DOI: 10.1007/978-981-96-5443-7_6

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