The justification for this sharp decline (from the level of a couple of years ago) is the need to avoid a prolonged recession after the burst of the stock market "bubble" and the demise of the so-called "new economy". Otherwise said, monetary policy is seen as a weapon for preventing aggregate demand from falling too much.
Opravdanje za taj strmoglav pad (u odnosu na stope od pre nekoliko godina) jeste potreba da se izbegne produžena recesija posle pucanja, poput mehura od sapunice, berzi i propasti takozvane "nove ekonomije." Drugim rečima, monetarna politika koristi se kao instrument pomoću koga se želi sprečiti preterani pad agregatne tražnje.