Bank of England Holds Rates and Eases Quantitative Tightening Pace
The central bank maintained interest rates while reducing the speed of its asset reduction program, with little effect on long-term bond markets.
Summary
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Terms & Concepts
Quantitative Tightening: A monetary policy tool where a central bank reduces the amount of money in circulation by selling government bonds or letting them mature without reinvestment.
Interest Rate: The percentage charged by a lender to a borrower for the use of assets, often set by central banks as a key monetary policy tool.