TA Objectives of Monetary Policy Under the Bank of England Act, the monetary policy objectives of the Bank of England are to maintain price stability, and subject to that, to support the economic policy of the Government, including its objectives for growth and employment Under the federal reserve act the board of governors and the federal open Market Committee should seek to promote effectively the goals of maximum employment, stable prices, and moderate ong-term interest ratesA. Objectives of Monetary Policy  Under the Bank of England Act, the monetary policy objectives of the Bank of England are to maintain price stability, and subject to that, to support the economic policy of the Government, including its objectives for growth and employment.  Under the Federal Reserve Act, the Board of Governors and the Federal Open Market Committee should seek “to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.” 4