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.
1 Monetary Policy involves using interest rates and other monetary tools to influence the levels of consumer spending and Aggregate Demand (AD). 2  In the UK the target of Monetary policy is to keep inflation within a target of CPI 2% +/-1. 3  They also consider other macroeconomic variables such as growth and unemployment.