The phrase "policy significance" refers to the importance or relevance of a policy. It means that a policy has a significant impact or influence on a particular issue or problem. Full definition
However, this drop holds far less policy significance both because of its size and because the decline does not appear to persist beyond grade 9. (educationnext.org)
I won't attempt to make any comment on the monetary policy significance of the outlook I've just described, since that has been well covered in our Statement on Monetary Policy last week. (rba.gov.au)
The dramatic surface melting, while important to track and understand (as is being done by Jason Box and others) has little policy significance. (dotearth.blogs.nytimes.com)