Sorry, no online dictionaries contain the exact phrase direct instruments of monetary policy.

Reverse dictionary results:
1. money
2. trustee
3. capacity
4. instrument
5. stability
6. tight
7. heads
8. new criticism
9. financing
10. control
11. controlled
12. controlling
13. law
14. focus
15. order
16. finance
17. activism
18. management
19. aim
20. charge
21. charged
22. charging
23. level
24. draft
25. policies
26. low
27. banked
28. drafted
29. governor
30. eat
31. eats
32. manager
33. currency
34. keynes
35. sterilization
36. instrumentation
37. legislation
38. devices
39. empowerment
40. interventions

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You can look up the words in the phrase individually using these links:   direct ?   instruments ?   of ?   monetary ?   policy ?
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