The primary objective of the Bank shall be to formulate, define and implement monetary policy directed to the economic objective of maintaining domestic price stability conducive to a balanced and sustainable growth of the national economy.Which descriptions below are accurate assessments of the primary objective of a central bank?
(Select all that apply.
a) This provision is well written and clearly establishes the primary objective of the central bank.
b) This provision inappropriately conflates objectives and functions.
c) The reference to balanced and sustainable growth of the national economy is appropriate as decisions raising interest rates should take into account the effects on economic growth.
d) This provision is inappropriate as it links the two objectives of maintaining domestic price stability and sustainable growth of the national economy.