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.
Overview of Monetary Policy. Monetary policy is a central bankâs attempt to alter the amount (supply) of money in an economy to promote economic growth and stability. The Federal Reserve, the official central bank of the United States, is responsible for U.S. monetary policy.