INTHEBLACK April 2022 - Magazine - Page 26
F E AT U R E
// M O N E TA RY P O L I C Y
AT A G L A N C E
In “normal” economic
conditions, central banks
rely on rate changes to
manage economic
performance and meet
policy objectives.
The unprecedented
challenges of a pandemic
have led central banks to
pursue more radical
alternatives such as
quantitative easing and
bond purchase programs.
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26 ITB April 2022
As global economic
recovery starts to gain
momentum, new threats
are emerging, including
inflation, necessitating a
tricky balance between the
use of conventional and
unconventional monetary
policy.