A set of tools used by a central bank to manage the country’s money supply and promote economic growth. In an economic slowdown, a central bank may adopt an accommodative (expansionary) policy, also known as quantitative easing, to boost the economy by measures such as lowering interest rate and purchasing securities. When inflation is high, a central bank may adopt a contractionary policy, also known as quantitative tightening, by increasing interest rate to slow growth and decrease inflation.
Any type of bond instrument where the proceeds are to be exclusively used to finance or re-finance, in part or in full, a new and/or existing eligible social project.