To be continued °“the2003 PBOC Law states that the objectives of monetary policy are to maintain monetary stability, and in this way promote economic growth Why is monetary stability a primary objective while economic growth is a secondary one? to avoid the time inconsistency problem 5To be continued  the 2003 PBOC Law states that the objectives of monetary policy are to maintain monetary stability, and in this way promote economic growth.  Why is monetary stability a primary objective while economic growth is a secondary one? --to avoid the time inconsistency problem 5