Definition ∞ Monetary Policy Control refers to the actions undertaken by a central bank or monetary authority to manage the supply of money and credit in an economy. These actions influence interest rates, inflation, and economic growth. Tools include adjusting benchmark interest rates, conducting open market operations, and setting reserve requirements. The objective is to achieve specific macroeconomic goals.
Context ∞ The rise of digital currencies, particularly central bank digital currencies (CBDCs), brings new dimensions to monetary policy control. A key discussion involves how central banks can retain or adapt their control mechanisms in a digital asset landscape. Future developments will assess the efficacy of new tools for influencing economic conditions through programmable digital money.
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