Operating with discretion in a monetary policy sense implies ________.

Question

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Operating with discretion in a monetary policy sense means that central banks are allowed to make decisions based on their assessment of the economic environment, without being constrained by a predetermined policy rule. This allows them to adjust their policy actions in response to changing economic conditions. However, it also means that they are not making any commitments to future actions, as they need to remain flexible in their decision-making process.

Operating with Discretion in a Monetary Policy Sense Implies ________