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Last year it balked at buying government bonds when other central banks were doing so as an emergency extension of monetary policy ie, to hold down the interest rates at which firms and households could borrow and to get money flowing through the banking system.
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One month after the election, the government signed a temporary extension of the monetary assistance programme.
One month after the election, the government signed a temporary extension of the monetary assistance program.
Note: the title is taken from Amory Lovins of the Rocky Moutnain Institute, from whom I first heard this useful extension of our monetary slogan.
Journal of Monetary Economics.
It is another form of monetary activism.
The State Bank lost control of monetary growth.
What are your instruments of monetary control?
What kind of monetary policy is it?
There is now plenty of monetary stimulus.
The "entire future course of monetary policy"?
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