Monetary Policy Unveiled: The Historical Evolution, Key Drivers, and Global Impact on Economic Stability and Growth
Monetary policy, a fundamental tool for economic management, plays a pivotal role in controlling inflation, fostering growth, and ensuring financial stability. From its early beginnings in the establishment of central banks to its modern application in addressing global economic crises, monetary policy has evolved to meet the changing needs of economies worldwide. This article explores the history, key factors, and benefits of monetary policy, and why it remains indispensable for countries aiming to achieve sustainable economic stability and growth.