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124 terms · 24 in-depth pages · Crypto Wiki · Glossary

10 pages

B

Bank of EnglandThe United Kingdom’s central bank.Central banks Bank of JapanJapan’s central bank, long at negative rates.Central banks

E

ECB (European Central Bank)The euro area’s central bank, aiming at 2% inflation over the medium term.Central banks

F

Fed (Federal Reserve)The US central bank, with a dual mandate: stable prices and maximum employment.Central banks Forward guidanceA central bank’s signals about the future path of its rates.Central banks

P

Policy pivotWhen a central bank switches from hiking rates to cutting them, or the reverse.Central banks Policy rateThe rate a central bank sets to steer the cost of credit across the economy.Central banks

Q

Quantitative easing (QE)Large-scale bond buying by a central bank to push down long-term rates.Central banks Quantitative tightening (QT)The central bank shrinks its balance sheet by not reinvesting maturing bonds.Central banks

T

Taylor ruleA formula giving the “right” policy rate from inflation and the output gap.Central banks

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