A central bank has market credibility when people expect it to stick with its policy.

Name: A central bank has market credibility when people expect it to stick with its policy.
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Market credibility is the level of trust and confidence that the market has in a central bank's policy decisions. If a central bank is perceived as credible, the market will believe that it will continue to follow its policy consistently, which can lead to stability and predictability in the market.

A Central Bank Has Market Credibility When People Expect It