Glossary

Term Explanations/Definitions
Bond A loan, usually taken out by a government or company, which normally pays a fixed rate of interest over a given time period, at the end of which the loan is repaid.
Monetary policy A central bank's regulation of money in circulation and interest rates.
Developed economies Well-established economies with a high degree of industrialisation, standard of living and security.
Quantitative easing The introduction of new money in to a country's money supply, by its central bank.
G7 Refers collectively to the United States, Japan, Germany, Britain, France, Canada and Italy.