Due to insuperable defection as a intermediate target, monetary targeting have shown obvious weakness in its controllability, data availability and relativity with real economy.
我国现行货币供应量指标的可控性、可测性以及与国民经济的相关性均已出现了明显问题。
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Such dismal news appears to vindicate critics who say that the Bank of England's Monetary Policy Committee (MPC) has forsaken its job of meeting the inflation target.
The current issue is that the monetary aggregate (M4) measure of lending to the private sector is at its lowest level in a decade, while inflation is more than double the BOE's target.