a very annoying catch phrase, normally said by immature freshmen, that is used to down-play the fact that the speaker of the phrase isn't as good at something as they claim they are. It is also used to annoy the crap out of everyone around them because the speaker could not think of something more intelligent to say.
In the European Union, the EUROPEAN CENTRAL BANK (ECB) is responsible for monetary policy in general and for setting interest rates in particular for member countries of the ECONOMIC AND MONETARY UNION (EMU). The ECB has committed itself to a âtarget'for INFLATION of no more than 2% per annum.
Monetary policy is a set of actions through. which the monetary authority determines the conditions under which it supplies the. money that circulates in the economy. Monetary policy therefore has an effect on. short-term interest rates. Setting monetary policy goals has been a defining issue for economists and. public opinion since the consolidation of central banks as the entities responsible. for providing the economies with domestic currency and for implementing monetary. policy.