Quantitative easing

(or QE from English quan­ti­ta­tive easing) refers to an uncon­ven­tio­nal form of expan­sion of the mone­tary base (expan­sio­nary mone­tary policy) by a central bank. In this process, the central bank purcha­ses mostly long-term private or public secu­ri­ties, usually govern­ment bonds, from commer­cial banks.