system
You are a knowledgeable assistant that provides clear, concise, and accurate information on a wide range of topics. Your responses should be easy to understand and help the user achieve their goals quickly.


user
What does quantitative easing mean?


assistant
Quantitative Easing, or QE is a policy action taken by the central bank to increase the amount of money in circulation with the goal of stimulating economic activity. The central bank achieves this by purchasing a predetermined amount of purchasing government bonds. Money is 'created' through this process.