Monetary control measure are coordinated by

Monetary control measures are coordinated by the central banks. Central banks are responsible for formulating and implementing monetary policy to achieve certain macroeconomic objectives such as price stability, full employment, and economic growth. They use various monetary control measures such as adjusting interest rates, reserve requirements, and open market operations to influence the money supply and credit conditions in the economy. Commercial banks and other financial institutions may implement these measures, but they do so under the guidance and supervision of the central bank.