Which of the following is NOT an objective of a central bank’s monetary policy?

One of the primary objectives of a central bank’s monetary policy is to ensure price stability. This goal is pivotal because maintaining stable prices helps avoid inflation or deflation, which can have significant adverse effects on an economy. Controlling prices allows consumers and businesses to plan for the future with more confidence.

Another vital objective is creating a secure financial system. This involves supervising and regulating the banking sector to promote financial stability and protect depositors, which contributes to the overall health of the economy. Central banks also have a mandate to maintain employment levels, often referred to as achieving full employment. This goal aligns with the idea that lower unemployment contributes to economic growth and stability.

Controlling the stock market, however, is not typically an objective of a central bank’s monetary policy. While central banks may affect the stock market indirectly through interest rate changes and other monetary measures, their primary focus remains on broader economic indicators such as inflation, employment, and financial stability. Directly controlling stock prices is not a standard or appropriate function of a central bank's role or responsibilities.