Abstract
The monetary policy is an important element of an economic policy of every country. The monetary policy is conducted by a central bank, which formulate and decide about the current direction of monetary policy, its strategy, objectives and instruments. The modern monetary policy has evolved during last years, as a result of the experiences of the global financial crisis, the COVID-19 pandemic and the Russian aggression to Ukraine. Nevertheless, the main modern monetary policy goal remains the same – price stability, which means maintaining low and stable inflation rate. The main aim of the article is to present modern monetary policy, its types, strategies and instruments.
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