Unconventional monetary policy

Monetary policy is central government or other policy to stimulate or otherwise influence economic activity by influencing money supply or interest rates.

Historically, mechanisms for influencing the money supply have included the use of open market operations, the central bank discount rate and reserve requirements.

'Unconventional' monetary policy refers to quantitative easing.

See also

• Quantitative easing
• Reserve requirements
• Sterling Monetary Framework
• Supply side policy
• Zero lower bound
• ZLB problem