[1] While the money market is always central to the transmission of monetary policy, its role is especially prominent when the set of policy interest rates is the main active monetary policy instrument.
After an extended period in which policy rates were stable near the lower bound and asset purchasing was the marginal monetary policy instrument, the money market is now back to centre stage in the transmission of monetary policy and the MMCG is an excellent forum to collect feedback from you, the money market practitioners.