In the less developing countries like India or Pakistan its objective may be the maintenance of monetary stability and help in the process of economic development. In the developed countries its objective may be to achieve full employment, without inflation. Anyhow following are the main objectives of the monetary policy.
Central bank charters differ from country to country, but they typically include, in one form or another, a responsibility for price or currency stability, and often some broader economic objectives in terms of stability and growth. In Australia, the objectives of monetary policy are formally established