Central banks play a crucial role in controlling inflation. They use various monetary policy tools to stabilize prices and ensure economic stability. By adjusting interest rates, central banks influence borrowing costs, which in turn affect consumption and investment. Through open market operations, they manage the money supply, controlling inflationary pressures. Central banks also monitor economic indicators like GDP growth and unemployment rates to formulate policies that prevent inflationary spirals. Their actions are closely watched by financial markets and policymakers worldwide. The decisions made by central banks have far-reaching consequences, impacting the lives of people and shaping the direction of economies. As guardians of price stability, central banks strive to strike a delicate balance that supports growth while containing inflationary pressures.