Monetary policy should aim to boost Production.

Abstract

The article titled "Monetary Policy Should Aim to Boost Production," published in The Daily New Nation on August 7, 2011, emphasizes the importance of aligning monetary policy with the goal of enhancing domestic production. It argues that monetary measures should not only focus on controlling inflation but also be strategically designed to encourage industrial growth, agricultural development, and employment generation. The article highlights the need for easier access to credit for productive sectors, especially small and medium enterprises, and stresses that a production-oriented approach in monetary policy is essential to achieving sustainable economic growth. It advocates for a balanced approach that simultaneously stabilizes the economy and stimulates output.