My question is how can central banks strike a balance between maintaining stability and promoting economic growth to foster an environment where more businesses are inclined to invest in innovative goods and technology, leading to the creation of more job opportunities?

REF:

https://www.canada.ca/en/department-finance/services/publications/economic-fiscal-snapshot/overview-economic-response-plan.html

https://www.imf.org/en/About/Factsheets/Sheets/2023/monetary-policy-and-central-banking#:~:text=Central%20banks%20conduct%20monetary%20policy,term%20rates%20and%20economic%20activity.

https://www.investopedia.com/articles/investing/053115/how-central-banks-control-supply-money.asp

 

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Striking a balance between stability and growth is a central challenge for any central bank Heres how they can achieve this to foster an innovationfriendly environment Monetary Policy Tools Interest R... View the full answer