The central bank says that it will soak up the cash, for instance, by selling instruments of its own, so monetary policy will not be loosened.

中央银行说道，例如通过出售自己的债券，它将会迅速吸收大量现金，所以货币政策将不会放松。

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With short-term policy rates at or near zero, getting more of a monetary boost means expanding a set of instruments whose efficacy, and side-effects, are ill-understood (see article).

由于短期政策利率接近或已经达到零，因此获得更多的货币提振意味着扩展一系列手段，而这些手段的效果和副作用却并不知道。

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Monetary Policy, one of the social macro-economic policy instruments, may allocate both social resources and financial ones, which are greatly influenced by the social policies.

金融政策作为社会宏观政策工具之一，其对社会资源和金融资源的配置受社会政策的影响较大；

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Authorities have been using monetary policy instruments to cool inflation rather than adjust an exchange rate which many consider to be undervalued.

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Therefore, there were no instruments through which the government could conduct monetary or fiscal policy.

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And such hard exchange-rate regimes do not offer suitable policy instruments for domestic economic management: Argentina's monetary policy was, in effect, made in Washington and was often inappropriate for Argentina's needs.

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