2025 CFA Level I Exam: Topic 2. Economics - Learning Module 4. Monetary Policy

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	1. Role of Central Banks describe the roles and objectives of central banks
	2. Monetary Policy Tools and Monetary Transmission describe tools used to implement monetary policy tools and the monetary transmission mechanism, and explain the relationships between monetary policy and economic growth, inflation, interest, and exchange rates
	3. Monetary Policy Objectives describe qualities of effective central banks; contrast their use of inflation, interest rate, and exchange rate targeting in expansionary or contractionary monetary policy; and describe the limitations of monetary policy
	4. Interaction of Monetary and Fiscal Policy explain the interaction of monetary and fiscal policy

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