Economics Monetary Policy Questions
The Central Bank of Turkey plays a crucial role in monetary policy in Turkey. Its main objective is to maintain price stability and support the overall economic growth of the country. The central bank formulates and implements monetary policies, which include setting interest rates, managing the money supply, and conducting open market operations. It also acts as a lender of last resort to provide liquidity to the banking system when needed. Additionally, the central bank monitors and regulates the financial system to ensure its stability and effectiveness.