Yield Curve Control

Recently, the Bank of Japan has stuck to its policy of yield curve control which is triggering another decline in the country's currency.

Yield Curve

  • A yield curve is a line that plots yields (interest rates) of bonds having equal credit quality but differing maturity dates. The slope of the yield curve gives an idea of future interest rate changes and economic activity.
  • There are three main shapes of yield curve shapes: normal (upward sloping curve), inverted (downward sloping curve), and flat.

About Yield Curve Control (YCC)

  • It involves targeting a longer-term interest rate by a central bank, then buying or ....
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