Yield curve control (YCC) is a monetary policy action whereby a central bank purchases variable amounts of government bonds or other financial assets in order to target yield curve or interest rates at a certain level. It generally means buying bonds at a slower rate than would occur under a quantitative easing policy.
Yield curve control (YCC) is a monetary policy action whereby a central bank purchases variable amounts of government bonds or other financial assets in order to target yield curve or interest rates at a certain level. It generally means buying bonds at a slower rate than would occur under a quantitative easing policy.
Source: Wikipedia "Yield curve control" · CC BY-SA 4.0
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