The document summarizes monetary policy, which is carried out by central banks to control money supply and promote economic growth and stability. The main objectives of monetary policy are price stability, economic growth, and stable exchange rates. Central banks use tools like interest rates, reserve requirements, and open market operations to implement expansionary or contractionary monetary policy depending on economic conditions. The document then discusses monetary policy specifics in Pakistan, including interest rate trends over the past 15 years and recent policy decisions by the State Bank of Pakistan.