Bank Entscheidung / Decision Europäisch / European Geld / Monetary Geldpolitik / Monetary Policy Gemacht / Made Politik / Policy Unabhängig / Independent Wille / Will Zentral / Central Zentralbank / Central Bank
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
Monetary policy itself cannot sensibly be directed at reducing imbalances.
When monetary policy destroys the currency, it always destroys the middle class.
The central bank needs to be able to make policy without short term political concerns.
Domestic inflation reflects domestic monetary policy.
Poland is one of the few countries that can afford to conduct a conventional monetary policy and that means we have to act against the buildup of imbalances in the economy.
Any debate among politicians about monetary policy is counterproductive.
There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar.
Government should eschew suasion and directives to banks on interest rates that run counter to monetary policy actions.
