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And that is due to the evolution of monetary policy thinking.
A number of participants suggested that the Committee's periodic Summary of Economic Projections could be used to provide more information about their views on the longer-run objectives and the likely evolution of monetary policy.I also bolded a few things.
Similar(58)
The paper evaluates the distributional effect of monetary policy.
Application is made to the evaluation of monetary policy rules.
The other major criticism is of monetary policy.
Indeed, central banks now need to think about the conduct of monetary policy in environments where the evolution of banking and payments systems already has implied and will continue to imply a declining demand for their liabilities.
What kind of monetary policy is it?
Any use of monetary policy entails risks, of course.
But this drop is a function of monetary policy only.
This is a clear relaxation of monetary policy.
--"Review of monetary policy in South Africa since 1994". (2006).
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