The Country Y Central Bank is the primary financial institution responsible for managing the nation's monetary policy. Its main objectives include controlling inflation, stabilizing the currency, and promoting economic growth. The bank regulates the money supply and sets interest rates to influence economic activity. Additionally, the Country Y Central Bank oversees the banking system, ensuring financial stability and protecting consumers. It acts as a lender of last resort to commercial banks during financial crises. The central bank also manages foreign exchange reserves and implements policies to support the overall health of the economy.