Traditional Culture Encyclopedia - Traditional stories - What policy tools can be used to achieve monetary policy objectives?
What policy tools can be used to achieve monetary policy objectives?
In order to achieve the goal of monetary policy, the following monetary policy tools can be realized: ① General policy tools. This is a traditional tool commonly used by the central bank, including rediscount interest rate, statutory deposit reserve ratio and open market operation. ② Selective monetary policy tools. This tool is aimed at some special fields and can be used as a supplement to general monetary policy tools, including credit control in the securities market, consumer credit control, real estate credit control and preferential interest rates. ③ Monetary policy tools for direct credit control, including loan limit, interest rate limit and direct intervention. ④ Monetary policy tools for indirect credit control, including moral advice and window guidance.
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