But, from another perspective, we have less experience operating
with unconventional monetary policy and this creates more potential uncertainties.
Not exact matches
Even among central banks enamored
with «
unconventional monetary policies,» NIRP is starting to raise some ugly questions that seem to reduce their appetite for it.
At the same time, in many countries, conventional tools of
monetary policy have been exhausted
with policy interest rates at zero, resulting in the widespread application of
unconventional policy responses.
«We are all globally on a path to recovery, still fragile, not yet strong enough, and
with this very strong support from the
unconventional monetary policy,» Lagarde said in a Bloomberg Television interview
with Sara Eisen.
Many people are familiar
with the FED's
monetary policy responsibilities, including the FOMC meetings, Federal Funds Rate decisions, Fed Chair's press conference, as well as various
unconventional policies.
And it highlights that Japan was suffering deflation and undertaking
unconventional monetary policy,
with few, if any, observers imagining that effectively - zero
policy rates and quantitative easing would be seen across all of the major jurisdictions in the 2000s.
A non-standard
monetary policy — or
unconventional monetary policy — is a tool used by a central bank or other
monetary authority that falls out of line
with traditional measures.