A sensible assessment of the appropriate stance of monetary policy must take these trade - offs into account. (businessinsider.com)
«Bond yields, even a few weeks ago, were extraordinarily low relative to the likely path of monetary policy in the years ahead,» he said. (chicagotribune.com)
It had become widely accepted that the day - to - day conduct of monetary policy needed to be independent of the influence of governments. (rba.gov.au)