Monetary policy is a major component of macroeconomic policies, which include fiscal policy, macroprudential policy, exchange rate policy and foreign trade policy, and there must be coordination between all of us to achieve a common goal that the state seeks to reach, which is to achieve high and sustainable growth rates and create jobs.
The implementation of monetary policy has an impact on the real economy through the effects it has mainly on the levels of total spending and on both the sides of supply and monetary demand.