Price Stability Framework

The Price Stability Framework is a strategy used by central banks to keep inflation low and steady, ensuring that prices for goods and services don't rise or fall too sharply. Maintaining stable prices helps people and businesses plan for the future, preserve the value of money, and support economic growth. The framework involves monitoring economic indicators, adjusting interest rates, and implementing policies to prevent sudden price changes, fostering a balanced economy where inflation remains predictable and manageable over time.