Other Monetary Policy terms

  • FOMC – Federal Open Market Committee: the committee within the Fed that is responsible for decisions relating to monetary policy and other open market operations.
  • MPC – Monetary Policy Committee: the committee within the BOE entrusted with decisions relating to monetary policy.
  • QE – Quantitative Easing: an alternative monetary policy tool aimed at stimulating an economy. It is often displayed by a central bank buying financial assets, effectively injecting a desired amount of cash into the local economy.
  • RRR – A monetary policy tool used by the PBoC which governs the percentage of deposits that banks must hold rather than lend out. When they lower the RRR this releases more cash into the economy in the form of loans.

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