Final answer:
The author's stance, as suggested by the collocation 'central strategy', is that reducing interest rates is an important strategy for stabilizing the economy. This is inferred by the use of 'central', indicating the strategy is key to the broader economic stability.
Step-by-step explanation:
When analyzing collocations and determining the author's stance, we should consider the implications of the words used in a text. The italicized phrase 'Reducing interest rates became a central strategy in stabilizing the economy' suggests that the author believes the strategy is important to the overall goal of economic stability. This assumption is drawn from the use of the word 'central,' which implies that the strategy is fundamental and crucial. In literary analysis, one would also pay attention to vocabulary, tone, diction, and syntax to understand the author's attitude and the nuances of their argument.
The collocation 'central strategy' conveys that the approach is key to the broader context of the topic, which is stabilizing the economy. The author's selection of words, the structure of the sentence, and underlying meaning all contribute to our interpretation that they view the strategy as significant. Without stating it explicitly, these collocations can heavily influence our reading of the text and understanding of the author's stance.