The quantitative loose (Easing (QE)) is a monetary policy, which mainly means that after the central bank implements a zero -interest or approximate zero interest rate policy, it increases medium- and long -term bonds such as government bonds to increase Basic currency supply, injecting a large amount of liquidity funds in the market, to encourage expenditure and borrowing, but also simplified terrain to indirectly adding money.
Quantitative looseness is a relatively young economy vocabulary. It was first proposed by the Bank of Japan in 2001 -from 2001 to 2006 The decline and investment decline. Under the condition of extremely low interest rates, the Bank of Japan has continued to purchase a large number of public bonds and long -term bonds to inject liquidity into the banking system, so that interest rates have always maintained a nearly zero level. By injecting liquidity to the banking system, banks forced banks to lend outside at a lower loan interest rate, thereby increasing the currency supply of the entire economic system and promoting investment and recovery of the national economy. This is completely different from the central bank's interest rate leverage regulation.
In the case of normal economic development, the central bank generally uses the short -term securities of the market to fine -tune interest rates through the short -term securities of purchasing the market, so as to adjust the interest rate to the established target interest rate. Its regulation goals are locked as long -term low interest rates. Central banks of various countries continue to inject liquidity into the banking system and put a lot of currency to the market. That is, under the quantitative loose, the central bank's monetary policy on the economy is not fine -tuned, but a dose of medicine.
The scholars believe that it was the Bank of Japan decisively adopted measures to actively increase the supply of currency supply at the time that the Japanese economy was recovered in 2006. Since then, "quantitative easing" has attracted much attention as a central bank to curb the economic crisis and stimulate economic recovery.
QE1 content
On November 25, 2008, the Fed announced the first time that the purchase of institutions and MBS, marking the first round of quantitative easing policy start. On April 28, 2010, Fed's first round of quantitative easing policies officially ended. QE1 will purchase direct debt related to real estate -related debt related to government -supported enterprises (GSE), Fanglima, Federal Housing Loan Bank, and real estate -related mortgages. Loan support securities (MBS). On March 18, 2009, the purchase amount of the institutional mortgage loan supported securities increased to US $ 1.25 trillion, and the purchase amount of institutional bonds increased to US $ 200 billion. In addition, in order to promote the improvement of the market status of the private credit, the Fed also decided to purchase a maximum of $ 300 billion in long -term Treasury securities in the next six months. The Federal Reserve purchased a total of 1.725 trillion US dollars assets during the implementation of the first round of quantitative easing.
QE1's main body is to purchase issues of national guarantee financial assets, rebuild financial institutions credit, inject liquidity into the credit market, and the purpose is to stabilize the credit market. It is worth noting that the purpose of the Federal Reserve is only to "stable" the market, not the "stimulus" economy, which is very different from the quantitative easing of the People's Bank of China. Obviously, the Federal Reserve is tantamount to Yueye's replacement and exercise administrative functions. The number control and cost control of the Federal Reserve are accurately in place. It is particularly surprising that the Federal Reserve has maintained the dynamic balance of total dollar currency and corresponding commodities worldwide globally.
QE2's content
The Fed announced on November 4, 2010 that the second round of quantitative easing plan was launched. Long -term US Treasury Bond. QE2 is planned to end in June 2011, and only US Treasury bonds were purchased. The connotation of QE2 is U.S. Treasury bonds. In fact, the US government's fiscal crisis is actually resolved by increasing basic currencies. At the same time, the Federal Reserve will "sell" government bonds to other countries to restore into US dollars in cash, increasing the scale of reserves (the reserves increase significantly), and prepare ammunition for the fiscal crisis in the future.
is essentially different from QE1. Its main purpose is not to provide liquidity, but to distinguish between the government. The Federal Reserve is not easy! Pulling financial institutions in one hand; pulling the US government in one hand. The cleverness is that while dividing the problems for the government, the United States has expanded the reserve scale indirectly. To be alertly, most of the US Treasury bonds purchased by the Federal Reserve were absorbed by the Chinese government, but the Fed's expansion reserve scale was instead.
QE3 content
In early September 14, 2012, the Federal Reserve's Federal Public Marketing Committee (FOMC) After the meeting of the heavenly meeting, the maintenance period of 0-0.25%ultra-low interest rate will be extended to mid-2015, and further quantitative easing policies (QE3) will be launched from the 15th. ), Existing twist operations (OT) and other maintenance remain unchanged. The content is to buy US $ 400 billion U.S. Treasury bonds before the end of June 2012. Its remaining expiration time is between 6 and 30 years. The plan was subsequently extended in June this year to the end of the year. The Fed's Open Marketing Committee (FOMC) instructed the New York Fed's open market operation desk on September 13, 2012 to purchase more agencies mortgage support securities (MBS) for $ 40 billion per month. FOMC also instructed the public market operation desk to continue to implement the plan announced in June by the end of the year, that is, extending the maturity period of the securities held, and continuing to use the recovery of the maturity securities to the purchase institution MBS. FOMC emphasizes that these operations will increase the amount of long -term securities holding by the committee by the end of the year to increase by 85 billion US dollars per month, which will bring down pressure on long -term interest rates, support the mortgage loan market, and help the overall financial market environment More loose.
QE4's content
In the early morning of December 13, 2012, the Fed announced the launch of the fourth round of quantitative loose QE4, purchased 45 billion US dollars in national debt, replaced by distorted operation, plus QE3 For a loose amount of $ 40 billion per month, the Fed ’s monthly asset procurement reached $ 85 billion. In addition to quantitative and loose medicines, the Fed maintains a policy of zero interest rates and maintains interest rates at a very low level of 0 to 0.25%.
QE has multiple meanings: Easing -quantitative loose. This is the intervention method of the Central Bank of the United States after the implementation of zero -interest or approximation of zero interest rate policy, by purchasing medium- and long -term bonds such as government bonds, injecting a large amount of liquidity funds into the market, to encourage expenditure and borrowing, and it is also simplified to be simplified. Describes indirectly adding money. In addition, the meaning of Quality Engineer is a quality engineer.
QE has different meanings in different scenarios. The following are the following: 1. QE. The full name is Quality Engineer, Chinese name: Quality engineer. 2. Quantitative easing policy (QE: Easing) simple understanding is "printing money". Among them, quantitative refers to the expansion of a certain amount of currency issuance. Loose is the pressure to reduce the need for capital injection by bank reserves.
3. Quantum efficiency: Compared with the second-generation technology, the enhanced company's third-generation Aptina A-PIX previous illuminance (FSI) image sensor technology can significantly improve quantum efficiency (QE) and chroma. Brightness interference, at the same time, the brightness level is increased by 25%under the same signal -to -noise ratio.
QE means quality engineering, English is Quality Engineer. It is mainly engaged in the formulation of quality engineering documents. QE is a person who establishes, analyzes, and improves quality control procedures. It is Quality, which mainly controls quality files according to the quality file specified by QE. It is part of quality management. It is committed to meeting the quality requirements. QC is the personnel and objects of personnel, to meet the quality requirements.
Quantitative and loose
The quantitative loose (Easing (QE)) is a monetary policy, which mainly means that after the central bank implements a zero -interest or approximate zero interest rate policy, it increases medium- and long -term bonds such as government bonds to increase Basic currency supply, injecting a large amount of liquidity funds in the market, to encourage expenditure and borrowing, but also simplified terrain to indirectly adding money.
Quantitative looseness is a relatively young economy vocabulary. It was first proposed by the Bank of Japan in 2001 -from 2001 to 2006 The decline and investment decline. Under the condition of extremely low interest rates, the Bank of Japan has continued to purchase a large number of public bonds and long -term bonds to inject liquidity into the banking system, so that interest rates have always maintained a nearly zero level. By injecting liquidity to the banking system, banks forced banks to lend outside at a lower loan interest rate, thereby increasing the currency supply of the entire economic system and promoting investment and recovery of the national economy. This is completely different from the central bank's interest rate leverage regulation.
In the case of normal economic development, the central bank generally uses the short -term securities of the market to fine -tune interest rates through the short -term securities of purchasing the market, so as to adjust the interest rate to the established target interest rate. Its regulation goals are locked as long -term low interest rates. Central banks of various countries continue to inject liquidity into the banking system and put a lot of currency to the market. That is, under the quantitative loose, the central bank's monetary policy on the economy is not fine -tuned, but a dose of medicine.
The scholars believe that it was the Bank of Japan decisively adopted measures to actively increase the supply of currency supply at the time that the Japanese economy was recovered in 2006. Since then, "quantitative easing" has attracted much attention as a central bank to curb the economic crisis and stimulate economic recovery.
QE1 content
On November 25, 2008, the Fed announced the first time that the purchase of institutions and MBS, marking the first round of quantitative easing policy start. On April 28, 2010, Fed's first round of quantitative easing policies officially ended. QE1 will purchase direct debt related to real estate -related debt related to government -supported enterprises (GSE), Fanglima, Federal Housing Loan Bank, and real estate -related mortgages. Loan support securities (MBS). On March 18, 2009, the purchase amount of the institutional mortgage loan supported securities increased to US $ 1.25 trillion, and the purchase amount of institutional bonds increased to US $ 200 billion. In addition, in order to promote the improvement of the market status of the private credit, the Fed also decided to purchase a maximum of $ 300 billion in long -term Treasury securities in the next six months. The Federal Reserve purchased a total of 1.725 trillion US dollars assets during the implementation of the first round of quantitative easing.
QE1's main body is to purchase issues of national guarantee financial assets, rebuild financial institutions credit, inject liquidity into the credit market, and the purpose is to stabilize the credit market. It is worth noting that the purpose of the Federal Reserve is only to "stable" the market, not the "stimulus" economy, which is very different from the quantitative easing of the People's Bank of China. Obviously, the Federal Reserve is tantamount to Yueye's replacement and exercise administrative functions. The number control and cost control of the Federal Reserve are accurately in place. It is particularly surprising that the Federal Reserve has maintained the dynamic balance of total dollar currency and corresponding commodities worldwide globally.
QE2's content
The Fed announced on November 4, 2010 that the second round of quantitative easing plan was launched. Long -term US Treasury Bond. QE2 is planned to end in June 2011, and only US Treasury bonds were purchased. The connotation of QE2 is U.S. Treasury bonds. In fact, the US government's fiscal crisis is actually resolved by increasing basic currencies. At the same time, the Federal Reserve will "sell" government bonds to other countries to restore into US dollars in cash, increasing the scale of reserves (the reserves increase significantly), and prepare ammunition for the fiscal crisis in the future.
is essentially different from QE1. Its main purpose is not to provide liquidity, but to distinguish between the government. The Federal Reserve is not easy! Pulling financial institutions in one hand; pulling the US government in one hand. The cleverness is that while dividing the problems for the government, the United States has expanded the reserve scale indirectly. To be alertly, most of the US Treasury bonds purchased by the Federal Reserve were absorbed by the Chinese government, but the Fed's expansion reserve scale was instead.
QE3 content
In early September 14, 2012, the Federal Reserve's Federal Public Marketing Committee (FOMC) After the meeting of the heavenly meeting, the maintenance period of 0-0.25%ultra-low interest rate will be extended to mid-2015, and further quantitative easing policies (QE3) will be launched from the 15th. ), Existing twist operations (OT) and other maintenance remain unchanged. The content is to buy US $ 400 billion U.S. Treasury bonds before the end of June 2012. Its remaining expiration time is between 6 and 30 years. The plan was subsequently extended in June this year to the end of the year. The Fed's Open Marketing Committee (FOMC) instructed the New York Fed's open market operation desk on September 13, 2012 to purchase more agencies mortgage support securities (MBS) for $ 40 billion per month. FOMC also instructed the public market operation desk to continue to implement the plan announced in June by the end of the year, that is, extending the maturity period of the securities held, and continuing to use the recovery of the maturity securities to the purchase institution MBS. FOMC emphasizes that these operations will increase the amount of long -term securities holding by the committee by the end of the year to increase by 85 billion US dollars per month, which will bring down pressure on long -term interest rates, support the mortgage loan market, and help the overall financial market environment More loose.
QE4's content
In the early morning of December 13, 2012, the Fed announced the launch of the fourth round of quantitative loose QE4, purchased 45 billion US dollars in national debt, replaced by distorted operation, plus QE3 For a loose amount of $ 40 billion per month, the Fed ’s monthly asset procurement reached $ 85 billion. In addition to quantitative and loose medicines, the Fed maintains a policy of zero interest rates and maintains interest rates at a very low level of 0 to 0.25%.
QE has multiple meanings: Easing -quantitative loose. This is the intervention method of the Central Bank of the United States after the implementation of zero -interest or approximation of zero interest rate policy, by purchasing medium- and long -term bonds such as government bonds, injecting a large amount of liquidity funds into the market, to encourage expenditure and borrowing, and it is also simplified to be simplified. Describes indirectly adding money.
In addition, the meaning of Quality Engineer is a quality engineer.
QE has different meanings in different scenarios. The following are the following:
1. QE. The full name is Quality Engineer, Chinese name: Quality engineer.
2. Quantitative easing policy (QE: Easing) simple understanding is "printing money". Among them, quantitative refers to the expansion of a certain amount of currency issuance. Loose is the pressure to reduce the need for capital injection by bank reserves.
3. Quantum efficiency: Compared with the second-generation technology, the enhanced company's third-generation Aptina A-PIX previous illuminance (FSI) image sensor technology can significantly improve quantum efficiency (QE) and chroma. Brightness interference, at the same time, the brightness level is increased by 25%under the same signal -to -noise ratio.
QE means quality engineering, English is Quality Engineer. It is mainly engaged in the formulation of quality engineering documents. QE is a person who establishes, analyzes, and improves quality control procedures. It is Quality, which mainly controls quality files according to the quality file specified by QE. It is part of quality management. It is committed to meeting the quality requirements. QC is the personnel and objects of personnel, to meet the quality requirements.
QE Er Compan