2012, "Asia's Local Growth Dilemma", Wall Street Journal, by Alex Frangos, 21st of July:
China has cut rates and allowed banks to boost lending, while some countries, such as South Korea have stood pat, fearful that inflation pressures could reignite.
↑ Safire's Political Dictionary, William Safire, Oxford University Press, Mar 31, 2008; page 700
Etymology
Probably originally a poker phrase, with "pat" equaling "optimal", meaning that drawing more cards is unnecessary. Later the phrase came to be employed in other spheres. "Stand pat" was actively used in U.S. political campaigns of the 1900s, quickly gaining a sense of "being reactionary, resistant to dramatic changes in policy". Moreover, a noun "standpatter\stand-patter" was coined to denote such politicians.[1]