The central bank tries to maintain price stability through controlling the level of money
supply. Thus, monetary policy plays a stabilizing role in influencing economic growth
through a number of channels. However, the scope of such a role may be limited by the
concurrent pursuit of other primary objectives of monetary policy, the nature of
monetary policy transmission mechanism, and by other factors, including the
uncertainty facing policy makers and the stance of economic policies. In addition, the
concurrent target of intermediate goals may have implications on the attainment of the
ultimate objective of achieving sustainable growth.