The role of monetary policy  II.1  The contribution of price stability to financial stability and financial efficiency  Monetary policy, by delivering price stability, contributes to the efficient functioning of the real economy and to economic growth and welfare through various means. First, it protects the real purchasing power of money and households’ real disposable income.
- 10 -  participation than we do—we’re only just above the median of member countries of the Organisation for Economic Co-operation and Development for participation of women aged 25 to 54, ranking 16th out of 38 in 2021. Improvements to universal child care may narrow these differences, though the full effects will take time.