Difference between Monetary policy and fiscal policy?

Monetary policy is the process by which the monetary authority of a country, like the central bank(like Reserve bank of India(RBI) or the currency board, controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.


Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.

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