The authors go on to point out that this sort of change in monetary policy may be more likely in a fiat currency protocol. (bitcoinmagazine.com)
Changes in monetary policy mean a change in the operating target for the cash rate, and hence a shift in the interest rate structure prevailing in the financial system. (rba.gov.au)
The real changes in monetary policy have come through additional leverage at the banks. (alephblog.com)