rahapoliitika, monetaarpoliitika - keskpanga tegevusjoon kontrolli teostamisel raha, intressimäärade ja krediiditingimuste üle. Rahapoliitika instrumentideks on eeskätt avaturutehingud, reservinõuded ja diskontomäärad.
Management by a central bank of a country's money supply to ensure the availability of credit in quantities and at levels consistent with specific national objectives. The bank's tools include open market operations in the money markets, intervention in foreign exchange and controls over financial institutions via interest rate ceilings and curbs on lending.
Concurrently with the foregoing, and as provided in this Treaty and in accordance with the timetable and the procedures set out therein, these activities shall include the irrevocable fixing of exchange rates leading to the introduction of a single currency, the ECU, and the definition and conduct of a single monetary policy and exchange-rate policy the primary objective of both of which shall be to maintain price stability and, without prejudice to this objective, to support the general economic policies in the Community, in accordance with the principle of an open market economy with free competition.
