What's the meaning of "losing one's bite'? I can't find the entry in dictionaries.
If monetary policy is **losing its bite**, the onus falls more firmly on fiscal policy to rescue China’s economy.
I should have said it is losing its effectiveness not it has lost its effectiveness
21 août 2022
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If monetary policy is **losing its bite**, the onus falls more firmly on fiscal policy to rescue China’s economy.
In the sentence that you gave, " losing its bite" simply means that it has lost its effectiveness
21 août 2022
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